Guess news and archive

Guess Q1 revenues beat expectations, but losses widen

American brand Guess has reported its financials for the first quarter of fiscal year 2025, during which its revenues and earning per share “exceeded” expectations, according to CEO Carlos Alberini. In a release, Alberini said the strong results in these areas were driven by a “remarkable performance” in the Licensing and Americas wholesale...

People

Guess appoints Andrew Rosen as executive chair of Rag & Bone

Guess has announced the appointment of Andrew Rosen as executive chair of the Rag & Bone brand. Guess and global brand management firm WHP Global recently completed the acquisition of New York-based Rag & Bone, which operates as an independent brand within the Guess portfolio. While Guess owns the brand's operating assets, it jointly owns the...

Retail |In Pictures

In Pictures: A look inside the first Guess Jeans store worldwide

Guess Jeans is taking the first step towards its own retail network. Guess' sister brand has chosen Amsterdam as the location for its first own monobrand store. Each Guess Jeans shop will be "remarkably different" from those of big sister Guess, as per the press release. The opening in Amsterdam marks the beginning of a series of brand store...

Retail |In Pictures

Guess sets up shop in South Africa for next DestinationGuess location

American ready-to-wear brand Guess has unveiled the location of its next '#DestinationGuess'. After setting up shop in a number of European beach clubs and ski resorts over the last few months, the label is now settling in South Africa. In collaboration with its long-standing partner Marcolin, specialists in the production and distribution of...

BusinessFeatured

Guess surprises with strong sales and profit growth

Thanks to a strong final quarter, the US fashion group Guess Inc. was able to exceed market expectations in the 2023/24 financial year. On Wednesday evening, the company also announced the prospect of double-digit sales growth for the current year. In the past financial year, which ended on 3 February, group sales reached 2.78 billion dollars....

BusinessFeatured

Guess and WHP team up to acquire Rag & Bone

American label Guess and brand management firm WHP Global have come together on a definitive agreement to acquire New York fashion brand Rag & Bone. As part of the agreement, Guess, which will contribute 56.5 million dollars, will acquire the Rag & Bone operating assets, while both Guess and WHP will jointly and equally own the brand’s...

Fairs

Guess Jeans launches at Pitti with dedicated exhibition

Guess has launched a new “sustainable” denim brand through a dedicated exhibition hosted at the ongoing Florentine trade show Pitti Uomo, taking place until January 12, 2024. Dubbed ‘Guess Jeans’, the label marks what the brand says is “a new era in denim”, a concept which it has aimed to highlight through an immersive exhibition at the trade...

Fashion |In Pictures

Guess unveils brand takeovers at skiing destinations

Fashion and lifestyle brand Guess has unveiled three takeovers at skiing destinations across Europe following the rollout of its Guess-branded luxury beach clubs. Guess has teamed up with its eyewear partner Marcolin, fragrance producer Interparfums, and watch partner Sequel to launch three luxurious winter wonderland branded takeovers at the...

BusinessFeatured

Guess sales and earnings rise in the third quarter

For the third quarter, Guess recorded GAAP net earnings of 55.7 million, a 155 percent increase from the same prior-year quarter. GAAP diluted net earnings per share increased 141 percent to 82 cents. For the quarter under review, the company’s adjusted net earnings were 27 million dollars, a 9 percent versus the same prior-year quarter, while...

Business

Guess settles 30 million dollar sexual harassment lawsuit

Premium lifestyle retailer Guess has agreed to pay a 30 million dollar settlement over claims of sexual harassment against the brand’s co-founder Paul Marciano. A payment of 22 million dollars is understood to have been paid out to settle a pension fund’s lawsuit, according to Fortune, which came in regards to allegations that board members for...

Business

Guess co-founder Maurice Marciano to retire from board

The co-founder of premium brand Guess, Maurice Marciano, has announced his retirement from the company’s board of directors, effective immediately. Marciano established Guess in 1981 alongside his brothers, Paul, Georges and Armand, and had previously served as chairman and chief executive officer of the company over the duration of his career....

Fashion

Item of the week: the windbreaker

What it is: With a history that dates back over 500 years, the windbreaker is by no means a ‘new’ wardrobe staple. However, it wasn’t until the 1970s that the garment was granted the status of an informal fashion attire and took on a more modernised flair. A descendant of the ‘parka’, the windbreaker typically refers to an insulating outwear...