March 17 (Reuters) - Guess said on Monday it had
received a take-private offer from brand management firm WHP
Global of $13 per share.
WHP Global has offered to buy Guess' outstanding shares,
except those owned by co-founders Paul Marciano and Maurice
Marciano and CEO Carlos Alberini. The three together owned
roughly 43% of the company, according to LSEG data.
The proposal from WHP Global, which owns Toys "R" Us and
fashion labels such as Anne Klein and Vera Wang, represents a
premium of 34% to Guess' Friday close.
Shares of Guess jumped 31% in early trading on Monday. The
company had a market value of about $500 million, as of Friday.
The company has formed a special committee to evaluate the
proposal, it said, adding there was no guarantee of a deal.
WHP Global, founded in 2019 by retail industry veteran
Yehuda Shmidman in partnership with funds managed by Oaktree
Capital Management, acquires global consumer brands.
Guess had partnered with WHP Global to acquire New
York-based designer handbag maker brand Rag & Bone in April
2024.