Guess?, Inc. Board Authorizes New $200 Million Share Repurchase Program

LOS ANGELES--(BUSINESS WIRE)--Guess?, Inc. (NYSE: GES) (the “Company”) today announced that its Board of Directors has authorized a new share repurchase program of up to $200 million of the Company’s common stock. Guess? also separately announced today that, as part of this new program and through a convertible bond exchange transaction, it has agreed to repurchase 326,429 shares of the Company’s common stock for $10.3 million. Carlos Alberini, Chief Executive Officer, commented, “Returning cap