Guess acquired by Authentic as it exits stock market

Guess has been taken private following the completion of its takeover by Authentic Brands Group, bringing an end to the fashion brand’s listing on the New York Stock Exchange.
The acquisition, which was completed on Friday (23 January), will see Guess becoming a wholly owned subsidiary of a new holding company backed by Authentic.
As part of the deal, Guess transferred most of its intellectual property into newly created subsidiaries.
These are now 51% owned by Authentic – whose port