Guess?'s (GES) Latest Acquisition Move to Diversify Portfolio [Yahoo! Finance]
PVH Corp. (PVH)
Last pvh corp. earnings: 4/1 04:15 pm
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Source: Yahoo! Finance
Guess? paid $57.1 million for the acquisition, apart from contributions from WHP Global. Concurrently, GES now owns all the operating assets of rag & bone, while both parties have jointly acquired rag & bone's intellectual property. Guess? expanded its existing asset-based revolving credit facility by $50 million to reach $200 million in relation to the acquisition. The acquisition of rag & bone reinforces Guess?' long-term growth strategy to make a bigger and more powerful business and delivering best products to its customers. The deal will help rag & bone accelerate its global expansion by leveraging Guess? and WHP Global's platforms, as well as distribution and licensee partners globally. The buyout will enable it to diversify its portfolio and bring together complementary price points and customer bases. Image Source: Zacks Investment Research What Else Should You Know? Guess? is benefiting from robust brand momentum globally and strong customer response to its collecti
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PVH
Earnings
- 4/1/24 - Beat
PVH
Sec Filings
- 5/3/24 - Form 4
- 5/1/24 - Form 8-K
- 4/25/24 - Form 8-K
- PVH's page on the SEC website