Guess and WHP Global agree to acquire Rag & Bone brand, with Guess obtaining operating assets and IP in a joint venture, and a licensing agreement for worldwide production.

WHP Global and clothing company Guess have agreed to acquire Rag & Bone, with Guess contributing at least $56.5 million to the deal. Guess will acquire all of Rag & Bone's operating assets and assume related liabilities. A joint venture equally owned by Guess and WHP will acquire Rag & Bone's intellectual property, and the two parties will enter a licensing agreement for the use of Rag & Bone IP. The acquisition is expected to be finalized in the first quarter of Guess' 2025 fiscal year.

February 16, 2024
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