Guess? And WHP Global Closes Acquisition Of Rag & Bone
(RTTNews) - Guess?, Inc. (GES) and global brand management firm WHP Global announced Wednesday that they have completed the previously announced acquisition of New York based fashion brand rag & bone.
Under the terms of the transaction, Guess? has contributed $57.1 million towards the purchase of rag & bone, in addition to contributions from WHP Global.
As a result, Guess? now owns all of the rag & bone operating assets, and Guess? and WHP Global jointly own the rag & bone intellectual property.
In connection with the closing of the acquisition, Guess? has entered into an agreement with the lenders of its existing $150 million asset-based revolving credit facility to increase the borrowing capacity under the facility by $50 million to a total of $200 million.
Guess? Appoints Dennis Secor As Interim CFO To Succeed Markus Neubrand
Swiss Market Ends On Firm Note
European Stocks Close Weak Despite Late Recovery
Bay Street Likely To Open With Negative Gap
Uber Q3 Profit Surges On Higher Trips, Sees Growth In Q4; But Stock Drops
FTSE 100 Drifts Lower; Miners Among Notable Losers
CAC 40 Drops To 3-week Low On Widespread Selling
