WASHINGTON (dpa-AFX) - Guess?, Inc. (GES) and global brand management firm
WHP Global announced Wednesday that they have completed the previously announced
acquisition of New York based fashion brand rag & bone.

Under the terms of the transaction, Guess? has contributed $57.1 million towards
the purchase of rag & bone, in addition to contributions from WHP Global.

As a result, Guess? now owns all of the rag & bone operating assets, and Guess?
and WHP Global jointly own the rag & bone intellectual property.

In connection with the closing of the acquisition, Guess? has entered into an
agreement with the lenders of its existing $150 million asset-based revolving
credit facility to increase the borrowing capacity under the facility by $50
million to a total of $200 million.



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