Guess Inc., the designer fashion brand known for its apparel, has agreed to be taken private in a $1.4 billion deal with Authentic Brands Group and the company's co-founders Maurice and Paul Marciano, along with CEO Carlos Alberini. Under the terms of the agreement, shareholders will receive $16.75 per share in cash, reflecting a 73% premium over pre-offer trading levels. Authentic Brands Group will acquire a 51% stake in Guess's intellectual property, while the co-founders and CEO will retain the remaining 49%. The transaction includes the assumption of debt and is expected to close in the fourth quarter of 2026. This move will result in Guess delisting from the stock market, allowing the company to focus on long-term strategic initiatives. Authentic Brands Group, which also owns Reebok and Quiksilver, is expanding its portfolio through this acquisition, making Guess the second largest brand in its retail-equivalent sales portfolio after Reebok.