Guess Goes Private With Authentic Brands in $1.4 Billion Deal

SummaryAuthentic Brands will acquire a majority stake in Guess? Inc. for $1.4 billion USD, including debt. The deal is expected to close in the final quarter of fiscal year 2026.Following the announcement, Guess' shares increased by over 25%. Authentic Brands will own 51% of the company's intellectual property.Authentic Brands has agreed to buy a majority stake in Guess? Inc. at a value of $1.4 billion USD, including debt. According to Reuters, 51% of all Guess' intellectual property...