Guess

With the Marciano brothers and CEO Carlos Alberini holding on to 49% of Guess shares, the existing leadership remains intact to navigate the brand’s future.

The American group, currently in the throes of an acquisition by Authentic Brands and the denim company’s co-founders, has wrapped up its final three months on the stock exchange as the deal nears completion.

Alongside Guess, VF and Capri, U.S. icons such as PVH, Gap and Levi Strauss were among the most bullish stocks for the month, which broke a streak of six consecutive months of declines. Spanish Inditex was also up.

The group closed the first quarter with a 9.44% increase in sales, weighed down by the poor performance in Asia. Profitability was affected by higher expenses, exchange rates and an unfavorable channel mix.

Guess didn’t just sell jeans — it sold a vision. With sultry campaigns and unknown models turned global icons, the American brand made sex its signature. Behind it all, four Moroccan brothers turned a denim dream into one of the most recognizable fashion empires of the late 20th century.

The American fashion retailer reached sales of 2.7 billion dollars during the fiscal year 2019 driven by the European market.

The Spanish manager will leave the Company on the next February 2. The new prime executive was Chief Operating Officer of the company between 2000 and 2010.

The US company has registered its seventh consecutive quarter of revenue growth, primarily due to the good evolution experienced in European and Asian markets.