Guess?, Inc. and WHP Global Acquire rag & bone

Guess?, Inc. and WHP Global have completed the acquisition of New York–based fashion brand rag & bone. Guess? acquired all operating assets (and, together with WHP Global, will jointly own rag & bone's intellectual property); Guess? contributed approximately $57.1 million at close (earlier terms disclosed a $56.5 million contribution plus up to $12.8 million potential earnout). rag & bone will remain based in New York and will leverage Guess?'s global distribution and WHP's brand-management capabilities to pursue growth.