Guess Announces Authentic Brands Group Deal Expected to Close in Q4

Strategic Partnership Announcement: On August 20, 2025, the company announced a strategic partnership with Authentic Brands Group LLC, where Authentic will acquire 51% of the company's intellectual property, while existing shareholders will hold 49% and acquire 100% of the operating assets.

Shareholder Compensation: Shareholders of Guess? will receive $16.75 per share in cash as part of the proposed transaction, which will result in the company's common stock being delisted from public markets.

Approval and Timeline: The merger agreement was adopted by the company's stockholders at a special meeting on November 21, 2025, and the transaction is expected to close in the fourth quarter of fiscal year 2026, pending regulatory approvals.

Pending Conditions: The completion of the proposed transaction is subject to specified conditions, including standard regulatory approvals, some of which are still pending.