The Guess Corporation's Consolidated Assets Exceed $100 Million As of June 30, 2016
DURHAM, NORTH CAROLINA , July 19, 2016 (Newswire.com) - The Guess Corporation is pleased to announce that its overall assets on a consolidated basis exceed $100 million. As of June 30, 2016, The Guess Corporation's consolidated assets are $135 million. The company's consolidated net shareholder's equity is currently $110 million. The Guess Corporation currently has over 80 legal entities under its overall umbrella and employs over 100 individuals across the U.S. Its largest holding is a chain retailer. During the second quarter of 2016, the company acquired a technology app for the concert entertainment market. In addition, the company acquired a minority interest in a financial holding company whose sole holding is an equity position in a $60 million private-held community bank. As a privately-held company, The Guess Corporation does not disclose its holdings and revenue is disclosed following year-end closing. It expects assets to increase to over $1 billion by mid-2017.
"We look forward to leveraging our asset base as we expand our businesses, enter new markets and support current opportunities," The Guess Corporation released in a statement.
The Guess Corporation Financial Snapshot
Total Consolidated Assets As of June 30, 2016 - $135,000,000
Total Net Shareholder's Equity As of June 30, 2016 - $110,000,000
Common Stock Outstanding - 637,000,000 Shares
ABOUT THE GUESS CORPORATION
The Guess Corporation is a conglomerate based in Durham, North Carolina and is currently privately-held. The company began as a luxury goods holding company in 2012 with a focus on diamonds and has expanded into other business areas.
Source URL: http://prweb.com/releases/2016/07/prweb13565427.htm
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