Guess announced on Monday that brand management company WHP Global had made a take-private offer (an offer of acquisition) of US $ 13 per share.
With the exception of the shares held by CEO Carlos Alberini and co-founders Paul and Maurice Marciano, WHP Global has made an offer to purchase all of Guess’ outstanding stock. Based on LSEG figures, the trio held about 43 per cent of the business.
The offer from WHP Global, the company that controls fashion brands including Anne Klein and Vera Wang in addition to Toys “R” Us, is 34 per cent higher than Guess’ Friday closing. As of Friday, the company’s market value was approximately US $ 500 million.
The company said that there was no assurance of a transaction and that the business had established a special committee to review the proposal.
Established in 2019 by Yehuda Shmidman, a veteran of the retail industry, WHP worldwide purchases worldwide consumer brands in collaboration with funds controlled by Oaktree Capital Management.
