On Friday morning, Authentic Brands Group (ABG) announced it successfully acquired 51% of Guess and its intellectual property, taking the 45-year-old company private. The deal makes Guess ABG's second-largest brand in its overall portfolio, which includes Reebok, Herve Leger, Champion and more. Existing Guess shareholders Nicolai Marciano, Carlos Alberini and co-founders Maurice Marciano and Paul Marciano will retain the remaining 49% of the label's intellectual property. For more of the latest...
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