Guess Closes Purchase of Its Italian Licensee

▤ Summary

Guess completed its purchase of its Italian licensee, Maco Apparel, through Guess Italia. The deal gave Guess ownership of the remaining 90% of Maco shares it did not already own. The acquisition also included leases and assets for 10 stores in Rome, Paris, London, and other European cities. Guess said the move will help it expand its presence in Europe over the next few years.

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