EX-99.1
3
a05-1063_1ex99d1.htm
EX-99.1
Exhibit
99.1
GUESS?, INC.
NEWS
RELEASE
For
Immediate Release
Contact:
Carlos Alberini
President & Chief
Operating Officer
(213) 765-3582
Frederick
G. Silny
SVP & Chief Financial
Officer
(213) 765-3289
Wendi
Kopsick
Kekst and Company
(212) 521-4800
GUESS ?, INC. COMPLETES
ACQUISITION OF EUROPEAN JEANSWEAR LICENSEE
LOS ANGELES, CA, January
5, 2005-Guess?, Inc. (NYSE:GES) reported today that it and its wholly-owned
subsidiary, Guess Italia S.r.l., have completed the acquisition of 90%
of the shares of Maco Apparel, S.p.A. ("Maco"), as well as the leases and
assets of ten retail stores in Europe, from Fingen S.p.A. and Fingen Apparel
N.V. Prior to the acquisition, Guess Italia S.r.l. owned 10% of Maco. Based in Italy, Maco has served as the
licensee of Guess? jeanswear for men and women in Europe. The stores included in the acquisition are
located in Rome, Milan, Paris, Amsterdam, London and other European cities.
"The acquisition of our
European jeanswear licensee is an exciting step forward as we look to
significantly expand the presence of Guess? in Europe", said Paul Marciano,
Co-Chairman and Co-CEO of Guess?, Inc. "Over
the next few years, we plan to build both our retail and wholesale businesses
in Europe, where the Guess? brand already has strong global appeal. This acquisition gives us a solid platform to
pursue this strategy".
Guess?, Inc. designs,
markets, distributes and licenses a lifestyle collection of contemporary
apparel, accessories and related consumer products. At December 31, 2004 the
Company owned and operated 287 retail stores in the United States and Canada.
The Company also distributes its products through better department and
specialty stores around the world. For more information about the Company,
please visit www.guess.com.
Except for historical information contained herein, certain matters
discussed in this press release are forward-looking statements that are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking
statements are only expectations, and involve known and unknown risks and
uncertainties, which may cause actual results in future periods and other
future events to differ materially from what is currently anticipated. Factors which may cause actual results in
future periods to differ from current expectations include, among other things,
the continued availability of sufficient working capital, the successful integration
of new stores into existing operations, the continued desirability and customer
acceptance of existing and future product lines (including licensed product
lines), possible cancellations of wholesale orders, the success of competitive
products, and the availability of adequate sources of capital. In addition to these factors, the economic
and other factors identified in the Company's most recent annual report on Form
10-K for the fiscal year ended December 31, 2003 including but not limited to
the risk factors discussed therein, could affect the forward-looking statements
contained herein and in the Company's other public documents.

EX - 99 . 1 3 a05 - 1063 _ 1ex99d1 . htm EX - 99 . 1 Exhibit 99 . 1 GUESS ? , INC . NEWS RELEASE For Immediate Release Contact : Carlos Alberini President & Chief Operating Officer ( 213 ) 765 - 3582 Frederick G . Silny SVP & Chief Financial Officer ( 213 ) 765 - 3289 Wendi Kopsick Kekst and Company ( 212 ) 521 - 4800 GUESS ? , INC . COMPLETES ACQUISITION OF EUROPEAN JEANSWEAR LICENSEE LOS ANGELES , CA , January 5 , 2005 - Guess ? , Inc . ( NYSE : GES ) reported today that it and its wholly - owned subsidiary , Guess Italia S . r . l . , have completed the acquisition of 90 % of the shares of Maco Apparel , S . p . A . ( " Maco " ) , as well as the leases and assets of ten retail stores in Europe , from Fingen S . p . A . and Fingen Apparel N . V . Prior to the acquisition , Guess Italia S . r . l . owned 10 % of Maco . Based in Italy , Maco has served as the licensee of Guess ? jeanswear for men and women in Europe . The stores included in the acquisition are located in Rome , Milan , Paris , Amsterdam , London and other European cities . " The acquisition of our European jeanswear licensee is an exciting step forward as we look to significantly expand the presence of Guess ? in Europe " , said Paul Marciano , Co - Chairman and Co - CEO of Guess ? , Inc . " Over the next few years , we plan to build both our retail and wholesale businesses in Europe , where the Guess ? brand already has strong global appeal . This acquisition gives us a solid platform to pursue this strategy " . Guess ? , Inc . designs , markets , distributes and licenses a lifestyle collection of contemporary apparel , accessories and related consumer products . At December 31 , 2004 the Company owned and operated 287 retail stores in the United States and Canada . The Company also distributes its products through better department and specialty stores around the world . For more information about the Company , please visit www.guess.com . Except for historical information contained herein , certain matters discussed in this press release are forward - looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 . Forward - looking statements are only expectations , and involve known and unknown risks and uncertainties , which may cause actual results in future periods and other future events to differ materially from what is currently anticipated . Factors which may cause actual results in future periods to differ from current expectations include , among other things , the continued availability of sufficient working capital , the successful integration of new stores into existing operations , the continued desirability and customer acceptance of existing and future product lines ( including licensed product lines ) , possible cancellations of wholesale orders , the success of competitive products , and the availability of adequate sources of capital . In addition to these factors , the economic and other factors identified in the Company 's most recent annual report on Form 10 - K for the fiscal year ended December 31 , 2003 including but not limited to the risk factors discussed therein , could affect the forward - looking statements contained herein and in the Company 's other public documents .