Guess completes rag & bone acquisition

On April 2, 2024, the company and global brand management firm WHP Global completed the previously announced acquisition of New York-based fashion brand rag & bone. Under the terms of the agreement, the Company acquired all the rag & bone operating assets and assumed the related operating liabilities of the business. In addition, a joint venture owned 50% each by the company and WHP Global acquired rag & bone’s intellectual property. As of April 2, 2024, the company integrated rag & bone into its existing segments.