U.S. fashion brand Guess agreed to a $1.4 billion private buyout deal including debt. The buyer group includes Authentic Brands Group, Guess co-founders Maurice and Paul Marciano, and CEO Carlos Alberini. Authentic Brands will acquire 51% of Guess’ intellectual property while existing shareholders retain the remainder. Shareholders receive $16.75 cash per share, representing a 26% premium to Tuesday’s closing price. The stock rose nearly 26% in early trading despite falling 38% over the past year amid consumer spending pressures. The deal follows sector consolidation including 3G Capital’s Skechers agreement and Dick’s Sporting Goods’ Foot Locker acquisition. Closure expected Q4 fiscal 2026 pending regulatory approvals.