Guess Inc.’s stock rose 3% on Friday after the clothing, footwear and accessories maker said it has agreed to acquire trendy New York-based fashion brand Rag.
Guess makes first acquisition in its history with deal to acquire Rag & Bone marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.
By Ben Glickman Guess reduced its full-year outlook for revenue growth and slashed its guidance for full-year adjusted profit after revenue and adjusted.
Shares of Guess Inc. rallied 14% in the extended session Wednesday after the retailer’s fiscal second-quarter sales topped Wall Street estimates. Guess.