Is The Risk Too High As Guess Stock Skyrockets 26% On Privatization Deal

Guess logo is seen at a store in Krakow, Poland on January 24, 2024. (Photo by Jakub Porzycki/NurPhoto via Getty Images)NurPhoto via Getty Images Guess Stock (NYSE: GES) is entering a crucial stage, revealing its intentions to privatize through a $1.4 billion agreement with co-founders Maurice and Paul Marciano, CEO Carlos Alberini, and Authentic Brands, the owner of Reebok. Authentic Brands will obtain 51% of Guess’s intellectual property, while the remaining shares will remain with current shareholders. S ...