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Guess Who’s Buying Rag & Bone…

Guess co-founders, brothers Maurice and Paul Marciano.
Guess co-founders, brothers Maurice and Paul Marciano. Photo: Tommaso Boddi/Getty Images
Lauren Sherman
February 15, 2024

A few weeks ago, I heard that the family behind Guess, the Marcianos, were over in the Middle East trying to raise capital for a take-private of the company, which trades on the New York Stock Exchange and is currently valued at almost $1.3 billion. The headline, though, was that they were hanging this potential step change on the acquisition of Rag & Bone, the Andrew Rosen and John Howard-owned business that has been looking for a buyer for several years.

Turns out, Guess is indeed buying Rag & Bone, and the deal is set to be announced any day now, according to three sources familiar with the situation. (Is the take-private still a part of the equation? I don’t know, but an announcement could help with the fundraising.) Rosen could not be reached for comment. (A rep for Guess did not respond either.)