| Ticker: GES | 1444 South Alameda Street | |
| Exchange: New York Stock Exchange | Los Angeles, California 90021 | |
| Industry: Manufacturing | (213) 765-3100 |
| Type of Shares: | Common Shares | Filing Date: | 5/24/96 | |
| U.S. Shares: | 5,600,000 | Offer Date: | 8/7/96 | |
| Non-U.S. Shares: | 1,400,000 | Filing Range: | $21.00 - $23.00 | |
| Primary Shares: | 7,000,000 | Offer Price: | $18.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.10 | |
| Offering Amount: | $154,000,000 | Selling: | $0.65 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Morgan Stanley & Co. Incorporated | Co-manager | (212) 703-4797 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 4/2/95 | 3/31/96 | ||
| Revenue: | $486.73 | $134.90 | $124.90 | Assets: | $239.27 |
| Net Income: | $40.09 | $15.19 | $12.76 | Liabilities: | $221.80 |
| EPS: | Equity: | $17.47 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company founded in 1981 by the Marciano brothers, designs, markets, distributes and licenses one of the world's leading lifestyle collections of casual apparel, accessories and related consumer products. The company's apparel for men and women is inspired by an appreciation of the American lifestyle combined with a European flair and is marketed under the trademarks, GUESS, GUESS U.S.A., GUESS? and TRIANGLE DESIGN and GUESS COLLECTION. The lines include full collections of denim and cotton clothing, including jeans, pants, overalls, skirts, dresses, shorts, blouses, shirts, jackets and knitwear. In addition, the company has granted licenses to manufacture and distribute a broad range of products that complement the company's apparel lines, including watches, clothing for infants and children, eye wear, footwear, activewear, home products and other fashion accessories. The company's product quality combined with captivating advertising images have created a global brand franchise with products that appeal to style-conscious consumers across a broad spectrum of ages. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to repay the S Distribution Notes; remaining proceeds will be used to repay outstanding advances under the company's revolving credit facility. |
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