WHP Global Proposes $751.5 Million Acquisition of Guess Inc.

The deal would see WHP owning Guess's intellectual property while current management retains operational control under a licensing model.

WHP Global submitted a non-binding proposal to acquire Guess Inc. for $751.5 million, valuing shares at $13 each.
Guess's stock price surged 31.5% following the announcement, reflecting investor optimism about the potential deal.
The proposed transaction assumes no major changes to Guess's operations and is not dependent on financing.
Paul Marciano, Guess's chief creative officer, has had preliminary discussions with WHP but has not committed to the deal.
If the acquisition proceeds, WHP would become a minority partner as Guess's cofounders and CEO collectively own a 50.6% majority stake.