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Knitting / Apparel

Guess Agrees To Purchase Jeanswear Licensee

Guess Italia S.r.l., a wholly owned subsidiary of Guess Inc., Los Angeles, has agreed to purchase 90 percent of the shares of Maco Apparel S.p.A., the Italy-based licensee of Guess jeanswear for men and women in Europe, from The Netherlands-based Fingen Apparel BV. Guess Inc. owns the remaining 10 percent of shares in Maco Apparel.

The acquisition will include stores in Rome, Milan, Paris, London and Amsterdam. Guess Inc. plans to open additional stores throughout Europe.

January 2005