Guess Goes Private in $1.4B Deal with Authentic Brands

Retail
Written By Rick Watson

Guess is an American clothing and accessories company that designs, distributes, and licenses products for men, women, and kids under brands like Guess, Marciano, and G by Guess.

Guess has announced that its co-founders and CEO, in partnership with Authentic Brands, will take the brand private in a transaction valued at $1.4 billion, including debt. Authentic Brands will acquire 51% of all Guess' intellectual property. Guess' existing shareholders will own the rest.

Reuters: Guess to go private in $1.4 billion deal with Authentic Brands, co-founders and CEO

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
Previous

Lowe's to Acquire Foundation Building Materials for $8.8B
Next

Keychain Raises $30M in Series B Funding