Guess? acquires European licensee
American designer of apparel, accessories and related products Guess?, Inc. has acquired 75% of the equity interest of Focus Europe S.r.l., including the leases and assets of four Guess by Marciano retail stores in Italy through its wholly-owned subsidiary, Guess Europe, B.V.
Over the past ten years, Italy-based Focus has served as the licensee, manufacturer and distributor of the Guess by Marciano contemporary line for women and men in Europe, the Middle East and
The acquisition is part of the company’s strategy to consolidate and expand its wholesale and retail enterprises. According to chief executive officer at Guess?, Paul Marciano, "We are confident that the combination of the manufacture and distribution of all our European apparel lines, and the increased distribution of Guess? handbags, footwear and other accessories under one umbrella, provides a powerful opportunity to expand our wholesale and retail operations in our fastest growing region. We believe these businesses combined have the potential to reach $600 million to $800 million in revenues in the next three to five years."
