# EDGAR Filing Document

**Accession Number:** 0000912463
**File Stem:** 0001193125-25-230454
**Filing Date:** 2025-10
**Character Count:** 161692
**Document Hash:** fe6a48f483a2abf03993ab32263e0960
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-230454.hdr.sgml**: 20251003

**ACCESSION NUMBER**: 0001193125-25-230454

**CONFORMED SUBMISSION TYPE**: SC 13E3

**PUBLIC DOCUMENT COUNT**: 62

**FILED AS OF DATE**: 20251003

**DATE AS OF CHANGE**: 20251003

**GROUP MEMBERS**: ALBERINI FAMILY LLC

**GROUP MEMBERS**: AUTHENTIC BRANDS GROUP LLC

**GROUP MEMBERS**: CARLOS & ANDREA ALBERINI TRUST

**GROUP MEMBERS**: CARLOS ALBERINI

**GROUP MEMBERS**: CAROLEM CAPITAL, LLC

**GROUP MEMBERS**: DAVID TORDJMAN

**GROUP MEMBERS**: ENRG CAPITAL LLC

**GROUP MEMBERS**: EXEMPT G2 TRUST

**GROUP MEMBERS**: EXEMPT GIFT TRUST UNDER THE NEXT STEP TRUST

**GROUP MEMBERS**: G FINANCIAL HOLDINGS II, LLC

**GROUP MEMBERS**: G FINANCIAL HOLDINGS, LLC

**GROUP MEMBERS**: G2 TRUST

**GROUP MEMBERS**: GLOW HOLDCO 1, INC.

**GROUP MEMBERS**: GLOW MERGER SUB 1, INC.

**GROUP MEMBERS**: MARK SILAH

**GROUP MEMBERS**: MAURICE & PAUL MARCIANO ART FOUNDATION

**GROUP MEMBERS**: MAURICE MARCIANO

**GROUP MEMBERS**: MAURICE MARCIANO CHARITABLE REMAINDER UNITRUST

**GROUP MEMBERS**: MAURICE MARCIANO CHARITABLE REMAINDER UNITRUST II

**GROUP MEMBERS**: MAURICE MARCIANO FAMILY FOUNDATION

**GROUP MEMBERS**: MAURICE MARCIANO TRUST

**GROUP MEMBERS**: MICHAEL KARLIN

**GROUP MEMBERS**: MM 2020 EXEMPT TRUST

**GROUP MEMBERS**: MM CRUT II LLC

**GROUP MEMBERS**: MM CRUT LLC

**GROUP MEMBERS**: NEXT STEP CAPITAL II LLC

**GROUP MEMBERS**: NEXT STEP CAPITAL LLC

**GROUP MEMBERS**: NICOLAI MARCIANO

**GROUP MEMBERS**: NONEXEMPT GIFT TRUST UNDER THE NEXT STEP TRUST

**GROUP MEMBERS**: OLIVIA MARCIANO

**GROUP MEMBERS**: PAUL MARCIANO

**GROUP MEMBERS**: PAUL MARCIANO FOUNDATION

**GROUP MEMBERS**: PAUL MARCIANO TRUST

**GROUP MEMBERS**: PM 2021 EXEMPT TRUST

**GROUP MEMBERS**: STEVEN LOCKSHIN

**GROUP MEMBERS**: WILLIAM PAYNE

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GUESS INC
- **CENTRAL INDEX KEY:** 0000912463
- **STANDARD INDUSTRIAL CLASSIFICATION:** WOMEN'S, MISSES', CHILDREN'S & INFANTS' UNDERGARMENTS [2340]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 953679695
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** SC 13E3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-50255
- **FILM NUMBER:** 251375018

**BUSINESS ADDRESS:**
- **STREET 1:** ATTN:  ANNE DEEDWANIA
- **STREET 2:** 1444 SOUTH ALAMEDA STREET
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90021
- **BUSINESS PHONE:** (213) 765-3100

**MAIL ADDRESS:**
- **STREET 1:** ATTN:  ANNE DEEDWANIA
- **STREET 2:** 1444 SOUTH ALAMEDA STREET
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90021

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GUESS INC ET AL/CA/
- **DATE OF NAME CHANGE:** 19940902
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GUESS INC
- **CENTRAL INDEX KEY:** 0000912463
- **STANDARD INDUSTRIAL CLASSIFICATION:** WOMEN'S, MISSES', CHILDREN'S & INFANTS' UNDERGARMENTS [2340]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 953679695
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** SC 13E3

**BUSINESS ADDRESS:**
- **STREET 1:** ATTN:  ANNE DEEDWANIA
- **STREET 2:** 1444 SOUTH ALAMEDA STREET
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90021
- **BUSINESS PHONE:** (213) 765-3100

**MAIL ADDRESS:**
- **STREET 1:** ATTN:  ANNE DEEDWANIA
- **STREET 2:** 1444 SOUTH ALAMEDA STREET
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90021

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GUESS INC ET AL/CA/
- **DATE OF NAME CHANGE:** 19940902

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, D.C. 20549** 

**SCHEDULE 13E-3**

**RULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(E)** 

**OF THE SECURITIES EXCHANGE ACT OF 1934** 

**GUESS?, Inc.** 

**(Name of the Issuer)** 

**Guess?, Inc.** 

**Authentic Brands Group LLC** 

**Glow Holdco 1, Inc.** 

**Glow Merger Sub 1, Inc.** 

**Paul Marciano** 

**Paul Marciano Trust** 

**Paul Marciano Foundation** 

**G Financial Holdings, LLC** 

**G Financial Holdings II, LLC** 

**ENRG Capital LLC** 

**PM 2021 Exempt Trust** 

**G2 Trust** 

**Exempt G2 Trust** 

**Nicolai Marciano** 

**Carlos Alberini** 

**Alberini Family LLC** 

**Carlos and Andrea Alberini Trust** 

**Maurice Marciano Family Foundation** 

**Maurice Marciano Trust** 

**Next Step Capital LLC** 

**Next Step Capital II LLC** 

**Exempt Gift Trust under the Next Step Trust** 

**Nonexempt Gift Trust under the Next Step Trust** 

**Carolem Capital, LLC** 

**MM 2020 Exempt Trust** 

**MM CRUT LLC** 

**MM CRUT II LLC** 

**Maurice Marciano Charitable Remainder Unitrust** 

**Maurice Marciano Charitable Remainder Unitrust II** 

**Maurice & Paul Marciano Art Foundation** 

**William Payne** 

**Olivia Marciano** 

**Maurice Marciano** 

**Michael Karlin** 

**Steven Lockshin** 

**Mark Silah** 

**David Tordjman** 

**(Names of Persons Filing Statement)** 

**Common Stock, par value $0.01 per share** 

**(Title of Class of Securities)** 

**401617105** 

**(CUSIP Number of Class of Securities)** 

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| | | |
|:---|:---|:---|
| **Guess?, Inc.**<br> **Strada Regina 44**<br> **Bioggio, Switzerland CH-6934**<br> **(213) 765-3100**<br> **Attn: Anne Deedwania, General Counsel** | **Paul Marciano**<br> **Paul Marciano Trust**<br> **Paul Marciano Foundation**<br> **G Financial Holdings, LLC**<br> **G Financial Holdings II, LLC**<br> **ENRG Capital LLC**<br> **PM 2021 Exempt Trust**<br> **G2 Trust**<br> **Exempt G2 Trust**<br> **Nicolai Marciano**<br> **Carlos Alberini**<br> **Alberini Family LLC**<br> **Carlos and Andrea Alberini Trust**<br> **Maurice Marciano Family Foundation**<br> **Maurice Marciano Trust**<br> **Next Step Capital LLC**<br> **Next Step Capital II LLC**<br> **Exempt Gift Trust under the Next Step Trust**<br> **Nonexempt Gift Trust under the Next Step Trust**<br> **Carolem Capital, LLC**<br> **MM 2020 Exempt Trust**<br> **MM CRUT LLC**<br> **MM CRUT II LLC**<br> **Maurice Marciano Charitable Remainder Unitrust**<br> **Maurice Marciano Charitable Remainder Unitrust II**<br> **Maurice & Paul Marciano Art Foundation**<br> **William Payne**<br> **Olivia Marciano**<br> **Maurice Marciano**<br> **Michael Karlin**<br> **Steven Lockshin**<br> **Mark Silah**<br> **David Tordjman**<br> **c/o Guess?, Inc.**<br> **1444 South Alameda Street**<br> **Los Angeles, California 90021**<br> **(213) 765-3100**<br>**Glow Holdco 1, Inc.**<br> **Glow Merger Sub 1, Inc.**<br> **1411 Broadway**<br> **21st Floor**<br> **New York, New York 10018**<br> **(212) 760-2410** | **Authentic Brands Group LLC**<br> **1411 Broadway**<br> **21st Floor**<br> **New York, New York 10018**<br> **(212) 760-2410** |
| **(Name, Address, and Telephone Numbers of Person Authorized to Receive Notices and Communications on Behalf of the Persons Filing Statement)** | **(Name, Address, and Telephone Numbers of Person Authorized to Receive Notices and Communications on Behalf of the Persons Filing Statement)** | **(Name, Address, and Telephone Numbers of Person Authorized to Receive Notices and Communications on Behalf of the Persons Filing Statement)** |

---

***With copies to***

---

| | | | |
|:---|:---|:---|:---|
| **John Laco**<br> **Adam Ackerman**<br> **Shelly Heyduk**<br> **O'Melveny & Myers LLP**<br> **400 South Hope Street**<br> **Los Angeles, CA 90071**<br> **(213) 430-6544** | **Adam M. Turteltaub**<br> **Amanda M. Burke**<br> **Willkie Farr & Gallagher LLP**<br> **787 Seventh Avenue**<br> **New York, NY 10019**<br> **(212) 728-8129** | **Michael Anastasio**<br> **Ian Nussbaum**<br> **Latham & Watkins LLP**<br> **1271 Avenue of the Americas**<br> **New York, NY 10020**<br> **(212) 906-1846** | **Andy Levine**<br> **Braden McCurrach**<br> **Jones Day**<br> **250 Vesey Street**<br> **New York, NY 10281**<br> **(212) 326-8319** |

---

This statement is filed in connection with (check the appropriate box):

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| | |
|:---|:---|
| a. ☒ | The filing of solicitation materials or an information statement subject to Regulation 14A, Regulation 14C or Rule 13e-3(c) under the Securities Exchange Act of 1934.  |

---

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b. ☐ The filing of a registration statement under the Securities Act of 1933.

c. ☐ A tender offer.

d. ☐ None of the above.

Check the following box if the soliciting materials or information statement referred to in checking box (a) are preliminary copies: ☒

Check the following box if the filing is a final amendment reporting the results of the transaction: ☐

**Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of this transaction, passed upon the merits or fairness of this transaction or passed upon the adequacy or accuracy of the disclosure in this transaction statement on Schedule 13E-3. Any representation to the contrary is a criminal offense.** 

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**Introduction** 

This Transaction Statement on Schedule 13E-3 (this "<u>Transaction Statement</u>") is being filed with the U.S. Securities and Exchange Commission (the "<u>SEC</u>") pursuant to Section 13(e) of the Securities Exchange Act of 1934, as amended (together with the rules and regulations promulgated thereunder, the "<u>Exchan</u>g<u>e Act</u>"), by (1) Guess?, Inc. ("<u>Guess</u>"), (2) Authentic Brands Group LLC ("<u>Authentic</u>"), (3) Glow Holdco 1, Inc. ("<u>Parent</u>"), (4) Glow Merger Sub 1, Inc. ("<u>Merger Sub</u>"), (5) Paul Marciano, (6) Paul Marciano Trust, (7) Paul Marciano Foundation, (8) G Financial Holdings, LLC, (9) G Financial Holdings II, LLC, (10) ENRG Capital LLC, (11) PM 2021 Exempt Trust, (12) G2 Trust, (13) Exempt G2 Trust, (14) Nicolai Marciano, (15) Carlos Alberini, (16) Alberini Family LLC, (17) Carlos and Andrea Alberini Trust, (18) Maurice Marciano Family Foundation, (19) Maurice Marciano Trust, (20) Next Step Capital LLC, (21) Next Step Capital II LLC, (22) Exempt Gift Trust under the Next Step Trust, (23) Nonexempt Gift Trust under the Next Step Trust, (24) Carolem Capital LLC, (25) MM 2020 Exempt Trust, (26) MM CRUT LLC, (27) MM CRUT II LLC, (28) Maurice Marciano Charitable Remainder Unitrust, (29) Maurice Marciano Charitable Remainder Unitrust II, (30) Maurice & Paul Marciano Art Foundation, (31) William Payne, as the investment director for MM CRUT II LLC, as the sole member of the investment committee of Palma Fiduciary, LLC for the Maurice Marciano Charitable Remainder Unitrust and as a director of the Maurice & Paul Marciano Art Foundation and the Maurice Marciano Family Foundation, (32) Olivia Marciano, as the sole member of the investment committee of Palma Fiduciary, LLC for the Maurice Marciano Charitable Remainder Unitrust II and as a director of the Maurice & Paul Marciano Art Foundation and the Maurice Marciano Family Foundation, (33) Maurice Marciano, (34) Michael Karlin, as the sole member of the tax committee of Palma Fiduciary, LLC for the MM 2020 Exempt Trust, (35) Steven Lockshin, as the sole member of the tax committee of Palma Fiduciary, LLC for the PM 2021 Exempt Trust, (36) Mark Silah, as the investment director of MM CRUT LLC, and (37) David Tordjman, as the adviser of the G2 Trust and Exempt G2 Trust and as the sole member of the investment committee of Palma Fiduciary, LLC of the MM 2020 Exempt Trust and PM 2021 Exempt Trust (each of (1) through (37) a "<u>Filin</u>g <u>Person</u>," and collectively, the "<u>Filin</u>g <u>Persons</u>").

This Transaction Statement relates to the Agreement and Plan of Merger, dated as of August 20, 2025 (as it may be amended, supplemented or modified from time to time, the "<u>Merger Agreement</u>"), by and among Guess, Authentic, Parent, and Merger Sub, pursuant to which, subject to the terms and conditions set forth therein and among other things, Merger Sub, a wholly owned subsidiary of Parent, will be merged with and into Guess with Guess surviving as the surviving corporation (the "<u>Surviving Corporation</u>") and a wholly owned subsidiary of Parent (the "<u>Merger</u>").

Upon the terms and subject to the conditions set forth in the Merger Agreement, at the effective time of the Merger (the "<u>Effective Time</u>"), each share of Guess's common stock, $0.01 par value per share ("<u>Guess Common Stock</u>") issued and outstanding as of immediately prior to the Effective Time (other than shares of Guess Common Stock owned by Authentic, Parent, Merger Sub or any other controlled affiliate of Authentic or Parent, Guess or any wholly owned subsidiary of Guess, and in each case not held on behalf of third parties, or shares owned beneficially or of record by Paul Marciano, Carlos Alberini, certain trusts, foundations and/or affiliates of each of them and of Maurice Marciano, and Nicolai Marciano (the "<u>Rolling Stockholders</u>"), as of immediately prior to the Effective Time, or shares of Guess Common Stock outstanding immediately prior to the Effective Time and that are held by any stockholder who has duly and validly demanded appraisal pursuant to Section 262 of the General Corporation Law of the State of Delaware (the "<u>DGCL</u>") and has not effectively withdrawn or otherwise waived or lost such right to appraisal under Section 262 of the DGCL) will be cancelled and converted into the right to receive $16.75 in cash, without interest (the "<u>Per Share Merger Consideration</u>"), less any required tax withholdings. Upon completion of the Merger, all such shares of Guess Common Stock will be delisted from the New York Stock Exchange and no longer be publicly traded, and holders of such shares of Guess Common Stock that have been converted into the right to receive the Per Share Merger Consideration will cease to own any shares of capital stock of the Surviving Corporation.

Concurrently with the execution and delivery of the Merger Agreement, Authentic and Guess entered into a voting and support agreement (the "<u>Voting Agreement</u>") with Paul Marciano, Carlos Alberini, certain trusts, foundations and/or affiliates of each of them and of Maurice Marciano and certain other Guess stockholders

------

parties thereto (collectively, the "<u>Supporting Stockholders</u>"). Pursuant to the Voting Agreement, the Supporting Stockholders have agreed to, among other things, vote all shares of Guess Common Stock owned by them in favor of any proposal to adopt the Merger Agreement and approve the Merger and Disposition (as defined below) and against certain actions that are intended or would reasonably be expected to impede, interfere with, delay, postpone, adversely affect or prevent the consummation of the Merger, the Disposition or the other Transactions (as defined below). Each Supporting Stockholder also agreed pursuant to the Voting Agreement to effect the transactions set forth in the Pre-Closing Restructuring Plan (which are to be effected by such person) and to take certain actions under the Merger Agreement as if references to Parent and Merger Sub in the Merger Agreement were to the Rolling Stockholders. From and after the consummation of the Parent Equity Transfer, each OpCo Investor agrees to cause Parent and Merger Sub to take all actions required by Parent and Merger Sub under the Merger Agreement. The Voting Agreement terminates automatically upon the earlier of (i) the termination of the Merger Agreement in accordance with its terms and (ii) written agreement of the parties thereto. The Voting Agreement also includes certain restrictions on the transfer of Guess Common Stock by the Supporting Stockholders. The Supporting Stockholders held approximately 49.972% of the issued and outstanding shares of Guess Common Stock as of the Capitalization Time (as defined in the Merger Agreement).

Also concurrently with the execution and delivery of the Merger Agreement, Authentic and the Rolling Stockholders entered into an interim investors agreement (the "<u>Interim Investors Agreement</u>"). Pursuant to the Interim Investors Agreement, Authentic and the Rolling Stockholders have agreed to, among other things, effect the transactions (to the extent such transactions are to be effected by such person) set forth in the Pre-Closing Restructuring Plan and cooperate with respect to various aspects of the Transactions. The Interim Investors Agreement terminates upon the earlier of (i) the termination of the Merger Agreement in accordance with its terms and (ii) written agreement of the parties thereto.

A Special Committee composed solely of independent and disinterested directors (the "<u>Special Committee</u>") was formed by Guess' Board of Directors (the "<u>Guess Board</u>") and, with the assistance of its own independent financial and legal advisors, considered, evaluated and negotiated the Per Share Merger Consideration and the other terms of the Merger Agreement. The Special Committee unanimously (i) determined that the Merger Agreement, the Voting Agreement, and the transactions contemplated by the Merger Agreement, including the Merger and Disposition (the "<u>Transactions</u>"), are fair to, and in the best interests of, the holders of the outstanding shares of Guess Common Stock, excluding (a) Authentic, Parent, and Merger Sub and their respective controlled affiliates (if applicable), (b) the Supporting Stockholders and their respective affiliates, (c) certain additional family members of the Supporting Stockholders, (d) the members of the Guess Board, and (e) any person that Guess has determined to be an "officer" of Guess within the meaning of Section 16a-1(f) of the Exchange Act (such holders, the "<u>Unaffiliated Company Stockholders</u>"), and (ii) recommended to the Guess Board that it (x) approve and declare advisable the Merger Agreement, the Voting Agreement, and the Transactions, including the Merger and Disposition, (y) determine that the Merger Agreement, the Voting Agreement, and the Transactions, including the Merger and Disposition, are fair to, and in the best interests of, the Unaffiliated Company Stockholders, and (z) recommend that Guess stockholders adopt the Merger Agreement and approve the Merger and Disposition at any meeting of Guess' stockholders. Acting on the unanimous recommendation of the Special Committee, the Guess Board (with Messrs. Marciano and Alberini recusing themselves) (i) approved and declared advisable the Merger Agreement, the Voting Agreement, and the Transactions, including the Merger and Disposition; (ii) determined that the Merger Agreement, the Voting Agreement, and the Transactions, including the Merger and Disposition, are fair to, and in the best interests of, Guess and its stockholders, including the Unaffiliated Company Stockholders, (iii) resolved to recommend that Guess' stockholders adopt the Merger Agreement and approve the Merger and Disposition at any meeting of Guess' stockholders; and (iv) directed that the Merger Agreement, including the Merger and Disposition, be submitted to Guess' stockholders for their adoption and approval at the Special Meeting.

The approval of the proposal to adopt the Merger Agreement and approve the Merger and a resolution approving (a) the purchase by Authentic (or its designee(s)) of all right, title and interest in and to at least 51% of the issued and outstanding equity interests of certain newly-formed subsidiaries of Guess (the "<u>Company IPCos</u>") and (b) at Parent's option, the purchase by IPCo Holdings (or its designee) of all right, title and interest in up to 19% of the issued and outstanding equity interests of the Company IPCos (such purchases, collectively, the

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"<u>Disposition</u>") (the "<u>Merger Proposal</u>") requires an affirmative vote of (a) the holders of a majority of the outstanding shares of Guess Common Stock entitled to vote on the Merger Proposal and (b) a majority of the votes cast by the disinterested stockholders (as such term is defined in Section 144 of the DGCL, and excluding any stockholder that is not an Unaffiliated Company Stockholder).

Concurrently with the filing of this Transaction Statement, Guess is filing with the SEC a preliminary proxy statement (the "<u>Proxy Statement</u>") under Regulation 14A of the Exchange Act, pursuant to which the Guess Board is soliciting proxies from stockholders of Guess in connection with the Merger Proposal. The Proxy Statement is attached hereto as Exhibit (a)(1). Copies of the Merger Agreement, Voting Agreement and Interim Investors Agreement are attached to the Proxy Statement as **Annex A**, **Annex D** and **Annex E**, respectively, and are incorporated herein by reference. As of the date hereof, the Proxy Statement is in preliminary form, and is subject to completion or amendment. Terms used but not defined in this Transaction Statement have the meanings assigned to them in the Proxy Statement.

Pursuant to General Instruction F to Schedule 13E-3, the information in the Proxy Statement, including all annexes thereto, is expressly incorporated by reference herein in its entirety, and responses to each item herein are qualified in their entirety by the information contained in the Proxy Statement and the annexes thereto. The cross-references below are being supplied pursuant to General Instruction G to Schedule 13E-3 and show the location in the Proxy Statement of the information required to be included in response to the items of Schedule 13E-3.

While each of the Filing Persons acknowledges that the Merger may be deemed a "going private" transaction for purposes of Rule 13e-3 under the Exchange Act, the filing of this Transaction Statement shall not be construed as an admission by any Filing Person, or by any affiliate of a Filing Person, that Guess is "controlled" by any of the Filing Persons and/or their respective affiliates.

The information concerning Guess contained in, or incorporated by reference into, this Transaction Statement and the Proxy Statement was supplied by Guess. Similarly, all information concerning each other Filing Person contained in, or incorporated by reference into, this Transaction Statement and the Proxy Statement was supplied by such Filing Person. No Filing Person, including Guess, is responsible for the accuracy of any information supplied by any other Filing Person.

**Item 1. Summary Term Sheet** 

The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers About the Special Meeting and the Merger"

**Item 2. Subject Company Information** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ***Name and address***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Parties to the Merger—Guess"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers About the Special Meeting and the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ***Securities***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Other Important Information Regarding Guess—Security Ownership of Certain Beneficial Owners and
Management"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Important Information Regarding the Rolling Stockholders"

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) ***Trading market and price***. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Other Important Information Regarding Guess—Market Price of Guess Common Stock and
Dividends"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) ***Dividends***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Conduct of Guess' Business During the Pendency of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Other Important Information Regarding Guess—Market Price of Guess Common Stock and
Dividends"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) ***Prior public offerings***. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Other Important Information Regarding Guess—Prior Public Offerings"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) ***Prior stock purchases***. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Other Important Information Regarding Guess—Certain Transactions in Guess Common Stock"

**Item 3. Identity and Background of Filing Person** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) – (b) ***Name and address; Business and background of entities***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Parties to the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Important Information Regarding Authentic"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Important Information Regarding Parent and Merger Sub"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Important Information Regarding the Rolling Stockholders"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) ***Business and background of natural persons.*** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Other Important Information Regarding Guess—Directors and Executive Officers of Guess"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Important Information Regarding Authentic"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Important Information Regarding Parent and Merger Sub"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Important Information Regarding the Rolling Stockholders"

**Item 4. Terms of the Transaction** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ***Material terms***.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) ***Tender offers***. Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) ***Mergers or similar transactions***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers About the Special Meeting and the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Background of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Reasons for the Merger; Recommendation of the Special Committee and the Guess
Board; Fairness of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Purpose and Reasons of the Rolling Stockholders, Parent, and Merger Sub for the
Merger"

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Position of the Rolling Stockholders, Parent, and Merger Sub as to the Fairness
of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Purpose and Reasons of Authentic for the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Position of Authentic as to the Fairness of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Opinion of Solomon"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger for the Rolling Stockholders, Parent, and Merger
Sub"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger for Authentic"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects on Guess if the Merger is Not Completed"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Interests of Executive Officers and Directors of Guess in the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Unaudited Prospective Financial Information of Guess"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Material U.S. Federal Income Tax Consequences of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Financing of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Effective Time of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Payment of Merger Consideration"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Accounting Treatment"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Effects of the Merger; Directors and Officers; Articles of Incorporation;
Bylaws"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Treatment of Capital Stock"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Treatment of Guess Equity Awards"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Authentic Contribution; Exchange Fund; Surrender and Payment
Procedures"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Conditions to the Pre-Closing Restructuring"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Conditions to the Closing"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Special Meeting—Votes Required"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex A: Agreement and Plan of Merger

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex B: Opinion of Solomon

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) ***Different terms***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers About the Special Meeting and the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Interests of Executive Officers and Directors of Guess in the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Treatment of Capital Stock"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Treatment of Guess Equity Awards"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Directors' and Officers' Indemnification and Insurance"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Other Covenants and Agreements"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Voting Agreement"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Interim Investors Agreement"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex A: Agreement and Plan of Merger

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex D: Voting Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex E: Interim Investors Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) ***Appraisal rights***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet—Appraisal Rights"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers About the Special Meeting and the Merger—Do I have appraisal or
dissenters' rights?"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Appraisal Rights"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Appraisal Rights"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Interim Investors Agreement—Transaction Litigation; Appraisal Rights and Exchange Fund"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Special Meeting—Appraisal Rights"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex C: Appraisal Rights Under Delaware General Corporation Law

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) ***Provisions for unaffiliated security holders***. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Provisions for Unaffiliated Company Stockholders"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) ***Eligibility for listing or trading***. Not applicable.

**Item 5. Past Contacts, Transactions, Negotiations and Agreements** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ***Transactions***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Background of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger for the Rolling Stockholders, Parent, and Merger
Sub"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Interests of Executive Officers and Directors of Guess in the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Financing of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Voting Agreement"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Interim Investors Agreement"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Other Important Information Regarding Guess—Certain Transactions in Guess Common Stock"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Other Important Information Regarding Guess—Past Contacts, Transactions, Negotiations and
Agreements"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex A: Agreement and Plan of Merger

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex D: Voting Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex E: Interim Investors Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) – (c) ***Significant corporate events; Negotiations or contacts***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Background of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Reasons for the Merger; Recommendation of the Special Committee and the Guess
Board; Fairness of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Purpose and Reasons of the Rolling Stockholders, Parent, and Merger Sub for the
Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Purpose and Reasons of Authentic for the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Interests of Executive Officers and Directors of Guess in the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Financing of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Voting Agreement"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Interim Investors Agreement"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Other Important Information Regarding Guess—Past Contacts, Transactions, Negotiations and
Agreements"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex A: Agreement and Plan of Merger

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex D: Voting Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex E: Interim Investors Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) ***Agreements involving the subject company's securities***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Background of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Plans of the Rolling Stockholders, Parent, and Merger Sub for Guess After the
Merger"

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Plans of Authentic for Guess after the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger for the Rolling Stockholders, Parent, and Merger
Sub"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger for Authentic"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Financing of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Voting Agreement"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Interim Investors Agreement"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Other Important Information Regarding Guess—Past Contacts, Transactions, Negotiations and
Agreements"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex A: Agreement and Plan of Merger

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex D: Voting Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex E: Interim Investors Agreement

**Item 6. Purposes of the Transaction and Plans or Proposals** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ***Use of securities acquired.*** The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers About the Special Meeting and the Merger—What is the Merger and what effect
will it have on Guess?"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers About the Special Meeting and the Merger—What will happen to Guess Equity
Awards?"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Plans of the Rolling Stockholders, Parent, and Merger Sub for Guess After the
Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger for the Rolling Stockholders, Parent, and Merger
Sub"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects on Guess if the Merger Is Not Completed"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Interests of Executive Officers and Directors of Guess in the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Financing of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Payment of Merger Consideration"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Treatment of Capital Stock"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Treatment of Guess Equity Awards"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Interim Investors Agreement"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Other Important Information Regarding Guess—Market Price of Guess Common Stock and
Dividends"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex A: Agreement and Plan of Merger

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex E: Interim Investors Agreement

(c) (1) – (8) ***Plans***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers About the Special Meeting and the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Background of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Reasons for the Merger; Recommendation of the Special Committee and the Guess
Board; Fairness of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Purpose and Reasons of the Rolling Stockholders, Parent, and Merger Sub for the
Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Purpose and Reasons of Authentic for the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Plans of the Rolling Stockholders, Parent, and Merger Sub for Guess After the
Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Plans of Authentic for Guess after the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger for the Rolling Stockholders, Parent, and Merger
Sub"

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger for Authentic"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects on Guess if the Merger Is Not Completed"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Interests of Executive Officers and Directors of Guess in the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Financing of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Phase I Restructuring and Pre-Closing Restructuring"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Effects of the Merger; Directors and Officers; Articles of Incorporation;
Bylaws"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Treatment of Capital Stock"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Treatment of Guess Equity Awards"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Conduct of Guess' Business During the Pendency of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Financing Cooperation by Guess"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Voting Agreement"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Interim Investors Agreement"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Other Important Information Regarding Guess—Market Price of Guess Common Stock and
Dividends"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex A: Agreement and Plan of Merger

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex D: Voting Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex E: Interim Investor Agreement

**Item 7. Purposes, Alternatives, Reasons and Effects** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ***Purposes***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers About the Special Meeting and the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Background of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Reasons for the Merger; Recommendation of the Special Committee and the Guess
Board; Fairness of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Purpose and Reasons of the Rolling Stockholders, Parent, and Merger Sub for the
Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Position of the Rolling Stockholders, Parent, and Merger Sub as to the Fairness
of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Purpose and Reasons of Authentic for the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Position of Authentic as to the Fairness of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Plans of the Rolling Stockholders, Parent, and Merger Sub for Guess After the
Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Plans of Authentic for Guess after the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger for the Rolling Stockholders, Parent, and Merger
Sub"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger for Authentic"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ***Alternatives***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Background of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Reasons for the Merger; Recommendation of the Special Committee and the Guess
Board; Fairness of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Purpose and Reasons of the Rolling Stockholders, Parent, and Merger Sub for the
Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Purpose and Reasons of Authentic for the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Opinion of Solomon"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex B: Opinion of Solomon

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) ***Reasons***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Background of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Purpose and Reasons of the Rolling Stockholders, Parent, and Merger Sub for the
Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Purpose and Reasons of Authentic for the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Opinion of Solomon"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Unaudited Prospective Financial Information of Guess"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger for the Rolling Stockholders, Parent, and Merger
Sub"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger for Authentic"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects on Guess if the Merger Is Not Completed"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex B: Opinion of Solomon

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) ***Effects***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers About the Special Meeting and the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Purpose and Reasons of the Rolling Stockholders, Parent, and Merger Sub for the
Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Purpose and Reasons of Authentic for the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Opinion of Solomon"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Plans of the Rolling Stockholders, Parent, and Merger Sub for Guess After the
Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Plans of Authentic for Guess after the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger for the Rolling Stockholders, Parent, and Merger
Sub"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger for Authentic"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects on Guess if the Merger Is Not Completed"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Interests of Executive Officers and Directors of Guess in the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Appraisal Rights"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Material U.S. Federal Income Tax Consequences of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Impact of the Merger on the Convertible Notes and the Call Spread Overlay"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Financing of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Fees and Expenses"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Effective Time of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Payment of Merger Consideration"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Accounting Treatment"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Phase I Restructuring and Pre-Closing Restructuring"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Effects of the Merger; Directors and Officers; Articles of Incorporation;
Bylaws"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Treatment of Capital Stock"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Treatment of Guess Equity Awards"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Conduct of Guess' Business During the Pendency of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Financing Cooperation by Guess"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Directors' and Officers' Indemnification and Insurance"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Other Covenants and Agreements—Employee Benefits"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Other Important Information Regarding Guess—Market Price of Guess Common Stock and
Dividends"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex A: Agreement and Plan of Merger

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex B: Opinion of Solomon

------

**Item 8. Fairness of the Transaction** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) – (b) ***Fairness; Factors considered in determining fairness***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers About the Special Meeting and the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Background of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Reasons for the Merger; Recommendation of the Special Committee and the Guess
Board; Fairness of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Purpose and Reasons of the Rolling Stockholders, Parent, and Merger Sub for the
Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Position of the Rolling Stockholders, Parent, and Merger Sub as to the Fairness
of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Purpose and Reasons of Authentic for the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Position of Authentic as to the Fairness of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Opinion of Solomon"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Interests of Executive Officers and Directors of Guess in the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex B: Opinion of Solomon

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) ***Approval of security holders***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers About the Special Meeting and the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Reasons for the Merger; Recommendation of the Special Committee and the Guess
Board; Fairness of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Position of the Rolling Stockholders, Parent, and Merger Sub as to the Fairness
of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Special Meeting—Votes Required"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Proposal No. 1: The Merger Proposal"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex A: Agreement and Plan of Merger

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) ***Unaffiliated representative***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers about the Special Meeting and the Merger—What is the Special Committee, and
what role did it play in evaluating the Merger?"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Background of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Reasons for the Merger; Recommendation of the Special Committee and the Guess
Board; Fairness of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Opinion of Solomon"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) ***Approval of directors***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers About the Special Meeting and the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Background of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Reasons for the Merger; Recommendation of the Special Committee and the Guess
Board; Fairness of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Proposal No. 1: The Merger Proposal"

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) ***Other offers***. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Background of the Merger"

**Item 9. Reports, Opinions, Appraisals and Negotiations** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) – (b) ***Report, opinion or appraisal; Preparer and summary of the report, opinion or appraisal***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Background of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Reasons for the Merger; Recommendation of the Special Committee and the Guess
Board; Fairness of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Position of the Rolling Stockholders, Parent, and Merger Sub as to the Fairness
of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Opinion of Solomon"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Unaudited Prospective Financial Information of Guess"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Impact of the Merger on the Convertible Notes and the Call Spread Overlay"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex B: Opinion of Solomon

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) ***Availability of documents***. The reports, opinions or appraisals referenced in this Item 9 will be made available for inspection and copying at the principal executive offices of Guess during its regular business hours by any interested equity security holder of Guess or representative who has been so designated in writing.

**Item 10. Source and Amounts of Funds or Other Consideration** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) – (b), (d) ***Source of funds; Conditions; Borrowed funds***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Financing of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Financing Cooperation by Guess"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Interim Investors Agreement"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex E: Interim Investors Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) ***Expenses***. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers About the Special Meeting and the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects on Guess if the Merger Is Not Completed"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Fees and Expenses"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Termination Fee and Expenses"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Interim Investors Agreement—Expense Sharing Provisions; Allocation of Qualifying Termination
Fee"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex E: Interim Investors Agreement

**Item 11. Interest in Securities of the Subject Company** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ***Securities ownership***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Other Important Information Regarding Guess—Security Ownership of Certain Beneficial Owners and
Management"

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Important Information Regarding Authentic"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Important Information Regarding Parent and Merger Sub"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Important Information Regarding the Rolling Stockholders"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex D: Voting Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ***Securities transactions***. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Other Important Information Regarding Guess—Certain Transactions in Guess Common Stock"

**Item 12. The Solicitation or Recommendation** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) ***Intent to tender or vote in a going-private transaction***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers About the Special Meeting and the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Reasons for the Merger; Recommendation of the Special Committee and the Guess
Board; Fairness of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Interests of Executive Officers and Directors of Guess in the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Voting Agreement"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Special Meeting—Shares of Guess Common Stock Held by Guess' Directors and Executive
Officers"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Proposal No. 1: The Merger Proposal"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex D: Voting Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) ***Recommendation of others***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers About the Special Meeting and the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Reasons for the Merger; Recommendation of the Special Committee and the Guess
Board; Fairness of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Interests of Executive Officers and Directors of Guess in the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Special Meeting—Shares of Guess Common Stock Held by Guess' Directors and Executive
Officers"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Proposal No. 1: The Merger Proposal"

**Item 13. Financial Information** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) ***Financial statements***. The audited consolidated financial statements of Guess for the fiscal years ended February 1, 2025 and February 3, 2024 are incorporated herein by reference to Guess' Annual Report on Form 10-K for the fiscal year ended February 1, 2025, filed on April 11, 2025 (see "Item 8—Financial Statements and Supplementary Data" therein) and the unaudited condensed consolidated financial statements of Guess for the quarterly period ended August 2, 2025, are incorporated herein by reference to Guess' Quarterly Report on Form 10-Q for the quarterly period ended August, 2, 2025, filed on September 5, 2025 (see "Item 1—Financial Statements" therein).

The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Unaudited Prospective Financial Information of Guess"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Certain Effects of the Merger"

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Other Important Information Regarding Guess—Book Value per Share"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Where You Can Find More Information"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ***Pro forma information***. Not applicable.

**Item 14. Persons/Assets, Retained, Employed, Compensated or Used** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) – (b) ***Solicitations or recommendations; Employees and corporate assets***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Questions and Answers About the Special Meeting and the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Background of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Reasons for the Merger; Recommendation of the Special Committee and the Guess
Board; Fairness of the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Interests of Executive Officers and Directors of Guess in the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Special Meeting—Solicitation of Proxies"

**Item 15. Additional Information** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) ***Golden parachute compensation***. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Summary Term Sheet"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "Special Factors—Interests of Executive Officers and Directors of Guess in the Merger"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Treatment of Capital Stock"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• "The Merger Agreement—Treatment of Guess Equity Awards"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Annex A: Agreement and Plan of Merger

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) ***Other material information***. The information set forth in the Proxy Statement, including all annexes thereto, is incorporated herein by reference.

**Item 16. Exhibits** 

(a)(1) [Preliminary Proxy Statement of Guess?, Inc. (the "<u>Proxy Statement</u>") (included in the Schedule 14A filed concurrently with the SEC and incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/912463/000119312525230369/d947663dprem14a.htm)

(a)(2) [Form of Proxy Card (included in the Proxy Statement and incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/912463/000119312525230369/d947663dprem14a.htm)

(a)(3) [Letter to Guess Stockholders (included in the Proxy Statement and incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/912463/000119312525230369/d947663dprem14a.htm)

(a)(4) [Notice of Special Meeting of Stockholders (included in the Proxy Statement and incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/912463/000119312525230369/d947663dprem14a.htm)

(a)(5) [Press Release, dated August 20, 2025 (incorporated herein by reference to Exhibit 99.1 to Guess' Current Report on Form 8-K filed on August 20, 2025](http://www.sec.gov/Archives/edgar/data/0000912463/000119312525183789/d936438dex991.htm)).

(a)(6) [Current Report on Form 8-K, dated August 20, 2025 (included in Schedule 14A filed on August 20, 2025 and incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/912463/000119312525183808/d936438ddefa14a.htm)

(a)(7) [Email to Guess Employees, dated August 20, 2025 (included in Schedule 14A filed on August 20, 2025 and incorporated herein by reference](http://www.sec.gov/Archives/edgar/data/912463/000119312525184152/d49636ddefa14a.htm)).

(a)(8) [Transcript of Video sent to Guess Employees, dated August 20, 2025 (included in Schedule 14A filed on August 20, 2025 and incorporated herein by reference](http://www.sec.gov/Archives/edgar/data/912463/000119312525184152/d49636ddefa14a.htm)).

------

(a)(9) [Paul Marciano communication from Instagram account on August 21, 2025 (included in Schedule 14A filed on August 22, 2025 and incorporated herein by reference](http://www.sec.gov/Archives/edgar/data/912463/000091246325000052/a14a-12schedule14afilingre.htm)).

(a)(10) [Nicolai Marciano communication from Instagram account on August 20, 2025 (included in Schedule 14A filed on August 22, 2025 and incorporated herein by reference](http://www.sec.gov/Archives/edgar/data/912463/000091246325000052/a14a-12schedule14afilingre.htm)).

(a)(11) [Transaction FAQs (included in Schedule 14A filed on September 8, 2025 and incorporated herein by reference).](http://www.sec.gov/Archives/edgar/data/912463/000091246325000067/guess-14ax12schedule14afil.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

(c)(1) [Discussion Materials, dated August 19, 2025, prepared by Solomon Partners Securities, LLC ("<u>Solomon</u>") for the Special Committee.](d10665dex99c1.htm)

(c)(2) [Executive Summary, dated August 19, 2025, prepared by Solomon for the Special Committee.](d10665dex99c2.htm)

(c)(3) [Opinion of Solomon, dated August 20, 2025 (incorporated herein by reference to Annex B of the Proxy Statement).](http://www.sec.gov/Archives/edgar/data/912463/000119312525230369/d947663dprem14a.htm#tx947663_22)

(c)(4) [Discussion Materials, dated August 12, 2025, prepared by Matthews South, LLC.](d10665dex99c4.htm)

(d)(1) [Agreement and Plan of Merger, by and among Guess?, Inc, Authentic Brands Group LLC, Glow Holdco 1, Inc. and Glow Merger Sub 1, Inc., dated August 20, 2025 (incorporated herein by reference to Annex A of the Proxy Statement).](http://www.sec.gov/Archives/edgar/data/912463/000119312525230369/d947663dprem14a.htm#tx947663_21)

(d)(2) [Voting and Support Agreement, dated as of August 20, 2025, by and among Authentic Brands Group LLC, Guess?, Inc. and the stockholders party thereto (incorporated herein by reference to Annex D of the Proxy Statement).](http://www.sec.gov/Archives/edgar/data/912463/000119312525230369/d947663dprem14a.htm#tx947663_24)

(d)(3) [Interim Investors Agreement, dated as of August 20, 2025, by and among Authentic Brands Group LLC and the stockholders party thereto (incorporated herein by reference to Annex E of the Proxy Statement).](http://www.sec.gov/Archives/edgar/data/912463/000119312525230369/d947663dprem14a.htm#tx947663_25)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) [Section 262 of the General Corporation Law of the state of Delaware (incorporated herein by reference to Annex C of the Proxy Statement).](http://www.sec.gov/Archives/edgar/data/912463/000119312525230369/d947663dprem14a.htm#tx947663_23)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Not applicable.

107 [Filing Fee Table.](d10665dexfilingfees.htm)

------

**SIGNATURES** 

After due inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: October 3, 2025

---

| | |
|:---|:---|
| **GUESS?, INC.** | **GUESS?, INC.** |
| By: | /s/ Carlos Alberini |
|  | Name: Carlos Alberini |
|  | Title: Chief Executive Officer |
| **AUTHENTIC BRANDS GROUP LLC** | **AUTHENTIC BRANDS GROUP LLC** |
| By: | /s/ Jay Dubiner |
|  | Name: Jay Dubiner |
|  | Title: Chief Legal Officer |
| **GLOW HOLDCO 1, INC.** | **GLOW HOLDCO 1, INC.** |
| By: | /s/ Jay Dubiner |
|  | Name: Jay Dubiner |
|  | Title: Treasurer and Secretary |
| **GLOW MERGER SUB 1, INC.** | **GLOW MERGER SUB 1, INC.** |
| By: | /s/ Jay Dubiner |
|  | Name: Jay Dubiner |
|  | Title: Treasurer and Secretary |
| **PAUL MARCIANO** | **PAUL MARCIANO** |
| By: | /s/ Paul Marciano |
|  | Name: Paul Marciano |
| **PAUL MARCIANO TRUST** | **PAUL MARCIANO TRUST** |
| By: | /s/ Paul Marciano |
|  | Name: Paul Marciano |
|  | Title: Trustee of the Paul Marciano Trust, dated February 20, 1986 |
| **PAUL MARCIANO FOUNDATION** | **PAUL MARCIANO FOUNDATION** |
| By: | /s/ Paul Marciano |
|  | Name: Paul Marciano |
|  | Title: President |
| **G FINANCIAL HOLDINGS, LLC** | **G FINANCIAL HOLDINGS, LLC** |
| By: | /s/ Michael Karlin |
|  | Name: Michael Karlin |
|  | Title: Manager |

---

------

---

| | |
|:---|:---|
| **G FINANCIAL HOLDINGS II, LLC** | **G FINANCIAL HOLDINGS II, LLC** |
| By: | /s/ Michael Karlin |
|  | Name: Michael Karlin |
|  | Title: Manager |
| **ENRG CAPITAL LLC** | **ENRG CAPITAL LLC** |
| By: | /s/ William F. Payne |
|  | Name: William F. Payne |
|  | Title: Manager |
| **PM 2021 EXEMPT TRUST** | **PM 2021 EXEMPT TRUST** |
| By: | /s/ Palma Fiduciary, LLC |
|  | Name: Palma Fiduciary, LLC |
|  | Title: Trustee of the PM 2021 Exempt Trust, dated July 12, 2021 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; By: Robert E. Armstrong |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Title: Trust Officer |
| **G2 TRUST** | **G2 TRUST** |
| By: | /s/ David Tordjman |
|  | Name: David Tordjman |
|  | Title: Trustee of the G2 Trust, dated June 29, 2010 |
| **EXEMPT G2 TRUST** | **EXEMPT G2 TRUST** |
| By: | /s/ David Tordjman |
|  | Name: David Tordjman |
|  | Title: Trustee of the Exempt G2 Trust, dated June 29, 2010 |
| **NICOLAI MARCIANO** | **NICOLAI MARCIANO** |
| By: | /s/ Nicolai Marciano |
|  | Name: Nicolai Marciano |
| **CARLOS ALBERINI** | **CARLOS ALBERINI** |
| By: | /s/ Carlos Alberini |
|  | Name: Carlos Alberini |
| **ALBERINI FAMILY LLC** | **ALBERINI FAMILY LLC** |
| By: | /s/ Carlos Alberini |
|  | Name: Carlos Alberini |
|  | Title: Manager |
| **CARLOS AND ANDREA ALBERINI TRUST** | **CARLOS AND ANDREA ALBERINI TRUST** |
| By: | /s/ Carlos Alberini |
|  | Name: Carlos Alberini |
|  | Title: Trustee of the Carlos and Andrea Alberini Trust |

---

------

---

| | |
|:---|:---|
| **MAURICE MARCIANO FAMILY FOUNDATION** | **MAURICE MARCIANO FAMILY FOUNDATION** |
| By: | /s/ William F. Payne |
|  | Name: William F. Payne |
|  | Title: President |
| **MAURICE MARCIANO TRUST** | **MAURICE MARCIANO TRUST** |
| By: | /s/ Paul Marciano |
|  | Name: Paul Marciano |
|  | Title: Trustee of the Maurice Marciano Trust, dated February 24, 1986 |
| **NEXT STEP CAPITAL LLC** | **NEXT STEP CAPITAL LLC** |
| By: | /s/ Michael Karlin |
|  | Name: Michael Karlin |
|  | Title: Manager |
| **NEXT STEP CAPITAL II LLC** | **NEXT STEP CAPITAL II LLC** |
| By: | /s/ Michael Karlin |
|  | Name: Michael Karlin |
|  | Title: Manager |
| **EXEMPT GIFT TRUST UNDER THE NEXT STEP TRUST** | **EXEMPT GIFT TRUST UNDER THE NEXT STEP TRUST** |
| By: | /s/ Paul Marciano |
|  | Name: Paul Marciano |
|  | Title: Trustee of the Exempt Gift Trust under the Next Step Trust, dated July 6, 2011 |
| **NONEXEMPT GIFT TRUST UNDER THE NEXT STEP TRUST** | **NONEXEMPT GIFT TRUST UNDER THE NEXT STEP TRUST** |
| By: | /s/ Paul Marciano |
|  | Name: Paul Marciano |
|  | Title: Trustee of the Nonexempt Gift Trust under the Next Step Trust, dated July 6, 2011 |
| **CAROLEM CAPITAL, LLC** | **CAROLEM CAPITAL, LLC** |
| By: | /s/ William F. Payne |
|  | Name: William F. Payne |
|  | Title: Manager |

---

------

---

| | |
|:---|:---|
| **MM 2020 EXEMPT TRUST** | **MM 2020 EXEMPT TRUST** |
| By: | /s/ Palma Fiduciary, LLC |
|  | Name: Palma Fiduciary, LLC |
|  | Title: Trustee of the MM 2020 Exempt Trust, dated February 19, 2020 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; By: Robert E. Armstrong |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Title: Trust Officer |
| **MM CRUT LLC** | **MM CRUT LLC** |
| By: | /s/ Mark Silah |
|  | Name: Mark Silah |
|  | Title: Manager |
| **MM CRUT II LLC** | **MM CRUT II LLC** |
| By: | /s/ Michael Karlin |
|  | Name: Michael Karlin |
|  | Title: Manager |
| **MAURICE MARCIANO CHARITABLE REMAINDER UNITRUST** | **MAURICE MARCIANO CHARITABLE REMAINDER UNITRUST** |
| By: | /s/ Palma Fiduciary, LLC |
|  | Name: Palma Fiduciary, LLC |
|  | Title: Trustee of the Maurice Marciano Charitable Remainder Unitrust, dated October 13, 2014 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; By: Robert E. Armstrong |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Title: Trust Officer |
| **MAURICE MARCIANO CHARITABLE REMAINDER UNITRUST II** | **MAURICE MARCIANO CHARITABLE REMAINDER UNITRUST II** |
| By: | /s/ Palma Fiduciary, LLC |
|  | Name: Palma Fiduciary, LLC |
|  | Title: Trustee of the Maurice Marciano Charitable Remainder Unitrust II, dated September 30, 2015 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; By: Robert E. Armstrong |
|  | &nbsp;&nbsp;&nbsp;&nbsp; Title: Trust Officer |
| **MAURICE & PAUL MARCIANO ART FOUNDATION** | **MAURICE & PAUL MARCIANO ART FOUNDATION** |
| By: | /s/ Paul Marciano |
|  | Name: Paul Marciano |
|  | Title: President |
| **WILLIAM PAYNE** | **WILLIAM PAYNE** |
| By: | /s/ William Payne |
|  | Name: William Payne |
|  | Title: Investment director for MM CRUT II LLC, as the sole member of the investment |

---

------

---

| | |
|:---|:---|
|  | committee of Palma Fiduciary, LLC for the Maurice Marciano Charitable Remainder Unitrust and as a director of the Maurice & Paul Marciano Art Foundation and the Maurice Marciano Family Foundation |
| **OLIVIA MARCIANO** | **OLIVIA MARCIANO** |
| By: | /s/ Olivia Marciano |
|  | Name: Olivia Marciano |
|  | Title: Sole member of the investment committee of Palma Fiduciary, LLC for the Maurice Marciano Charitable Remainder Unitrust II and as a director of the Maurice & Paul Marciano Art Foundation and the Maurice Marciano Family Foundation |
| **MAURICE MARCIANO** | **MAURICE MARCIANO** |
| By: | /s/ Paul Marciano |
|  | Name: Paul Marciano |
|  | Title: Attorney-in-Fact for Maurice Marciano |
| **MICHAEL KARLIN** | **MICHAEL KARLIN** |
| By: | /s/ Michael Karlin |
|  | Name: Michael Karlin |
|  | Title: Sole member of the tax committee of Palma Fiduciary, LLC for the MM 2020 Exempt Trust |
| **STEVEN LOCKSHIN** | **STEVEN LOCKSHIN** |
| By: | /s/ Steven Lockshin |
|  | Name: Steven Lockshin |
|  | Title: Sole member of the tax committee of Palma Fiduciary, LLC for the PM 2021 Exempt Trust |
| **MARK SILAH** | **MARK SILAH** |
| By: | /s/ Mark Silah |
|  | Name: Mark Silah |
|  | Title: Investment director of MM CRUT LLC |

---

------

---

| | |
|:---|:---|
| **DAVID TORDJMAN** | **DAVID TORDJMAN** |
| By: | /s/ David Tordjman |
|  | Name: David Tordjman |
|  | Title: Adviser of the G2 Trust and Exempt G2 Trust and as the sole member of the investment committee of Palma Fiduciary, LLC of the MM 2020 Exempt Trust and PM 2021 Exempt Trust |

---

## Ex-99.(C)(1)

**Exhibit (c)(1)**![LOGO](g10665dsp021.jpg)

PROJECT GLOW DISCUSSION MATERIALS AUGUST 19, 2025

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DISCLAIMER The following pages contain material provided to the Special Committee of the Board of Directors (the "Special Committee") and the Board of Directors (the "Board") of Guess ?, Inc. (the "Company" or "Glow") by Solomon Partners Securities, LLC ("Solomon") in connection with Project Glow. These materials were prepared on a confidential basis in connection with an oral presentation to the Special Committee and the Board and not with a view toward complying with the disclosure standards under state or federal securities laws or otherwise. These materials are solely for use of the Special Committee and the Board in its evaluation of the proposed transaction and may not be used for any other purpose or disclosed to any party without Solomon's prior written consent. The information contained in this presentation was based solely on publicly available information or information furnished to Solomon by the Company. Solomon has relied, without independent investigation or verification, on the accuracy, completeness and fair presentation of all such information and the conclusions contained herein are conditioned upon such information (whether written or oral) being accurate, complete and fairly presented in all respects. This presentation includes certain statements, estimates and projections provided by the Company with respect to the historical and anticipated future performance of the Company. Such statements, estimates and projections contain or are based on significant assumptions and subjective judgments made by the Company's management. None of Solomon, its affiliates or its or their respective employees, directors, officers, contractors, advisors, members, successors or agents makes any representation or warranty in respect of the accuracy, completeness or fair presentation of any information, projections or any conclusion contained herein. Solomon, its affiliates and its and their respective employees, directors, officers, contractors, advisors, members, successors and agents shall have no liability with respect to any information, projections or matter contained herein, or any oral information provided herewith or data any of them generates. The information contained herein should not be assumed to have been updated at any time subsequent to date shown on the first page of the presentation and the delivery of the presentation does not constitute a representation by Solomon that such information will be updated at any time after the date of the presentation. Neither Solomon nor any of its affiliates is an advisor as to legal, tax, accounting or regulatory matters in any jurisdiction. The Company, the Special Committee and the Board acknowledge that Solomon is an affiliate of Natixis, a global full service commercial and investment bank. These materials are not and should not be construed as a fairness opinion.

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SELECTED TRANSACTION TERMS Acquiring Entity Authentic Brands Group LLC ("ABG") All of the outstanding shares of Glow other than the shares of the Potential Rollover Shareholders (Paul Marciano, Structure Maurice Marciano, Carlos Alberini, certain other parties and persons affiliated or associated therewith) who elect to roll over some or all of their equity for an ongoing ownership stake in the acquired business Purchase Price Per Share $16.75 per outstanding share in cash Offer Premium to Closing (a) 73% Price on March 14, 2025 Implied Equity Value (b) $932 million Implied Enterprise Value (c) $1,444 million Debt Financing No financing contingency Proposed transaction will require $1.525 billion of funding, including amounts paid at the closing and subsequent to the Equity Financing closing; $476 million from the roll over equity of the Potential Rollover Shareholders and the remaining $1,049 million from ABG's cash on hand at the time of the closing and ABG's existing bank facilities (d) Company Termination Fee 2.5% of the equity value of the transaction Outside Date 12 months from signing In advance of closing, Glow to separate into (i) an intellectual property holding company that would own the trademarks and other intellectual property of the Glow business and engage in the business of licensing the Glow Other brand, and (ii) an operating company that would retain Glow's other assets and continue to operate the retail, wholesale and ecommerce operations of the Glow business ABG agreed to Glow paying regular quarterly dividends of up to $0.225 per share during the period before the closing of the proposed transaction Glow's closing share price was $9.70 on March 14, 2025, the trading day prior to March 17, 2025, the date that Glow publicly announced receipt of a non-binding proposal from WHP Global, per a Schedule 13D filed on March 17, 2025. Fully diluted shares outstanding based on 52.1M shares outstanding as of August 8, 2025, 3.0M nonvested stock awards / units that are assumed to fully vest upon the occurrence of a change in control of the Company and option equivalent shares calculated using the treasury stock method at $16.75 per share. Source: "Calculation of Fully Diluted Share Count (August 8, 2025)", approved for its use by Management on August 8, 2025, and approved for its use by the Special Committee on August 14, 2025. Enterprise value calculation based on $293.2M of current and long-term debt and finance lease obligations, $172.1M of cash and cash equivalents and $55.1M of redeemable and nonredeemable noncontrolling interests as of fiscal month-end June 2025. Source: "FY26 Balance Sheet_June", provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. Includes the face value of the convertible senior notes of $351.9M and a net benefit of $16.0M from the negotiated termination of the convertible note hedge and warrant transactions, provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. Source: "Guess? IPCo Acquisition Valuation", provided to Solomon by ABG on August 15, 2025.

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PROPOSAL SUMMARY (CONT.) (Amounts in Millions, Except Per Share Data) Close on Offer 8/18/2025 Stock Price $13.47 (a) $16.75 Shares Outstanding 52.0 (b) 52.1 (e) Option Equivalent Shares 0.1 (c) 0.5 (f) Stock Awards / Units — 3.0 (g) Diluted Shares Outstanding 52.1 55.6 Total Equity Value $702.5 $931.9 Plus: Current Portion of Borrowings and Finance Lease Obligations $35.2 (d) $36.4 (h) Plus: Long-Term Debt and Finance Lease Obligations 241.7 (d) 256.9 (h) Plus: Convertible Senior Notes 336.6 (d) 351.9 (i) Plus: Redeemable & Nonredeemable Noncontrolling Interests 50.0 (d) 55.1 (h) Less: Cash & Cash Equivalents (151.2) (d) (172.1) (h) Less: Estimated Net Benefit of Call Spread Termination — (16.0) (j) Total Enterprise Value $1,214.8 $1,444.0 Premium / (Discount) to: Close on 8/18/2025 (a) $13.47 — % 24.4 % Close on 3/14/2025 (k) 9.70 38.9 72.7 30 Trading Day VWAP 13.19 2.1 26.9 30 Calendar Day Average 13.32 1.1 25.7 60 Calendar Day Average 12.97 3.8 29.1 90 Calendar Day Average 12.46 8.1 34.4 52-Week Average 14.22 (5.3) 17.8 52-Week High 21.53 (37.4) (22.2) 52-Week Low 8.66 55.5 93.4 Enterprise Value as a Multiple of: EBITDA—Street LTM (l) $220.0 5.5 x 6.6 x FY2026E (m) 216.8 5.6 6.7 EBITDA—Management FY2026P (n) $239.5 5.1 x 6.0 x Price as a Multiple of: Diluted EPS—Street FY2026E (m) $1.44 9.4 x 11.6 x FY2027E (m) 1.61 8.4 10.4 Diluted EPS—Management FY2026P (n) $1.86 7.2 x 9.0 x FY2027P (n) 2.51 5.4 6.7 Source: Capital IQ and Company filings as of August 18, 2025. h)Management As of fiscal month and- end approved June 2025 for its . Source: use by the "FY26 Special Balance Committee Sheet_June", on August provided 14, 2025 to Solomon . by Note: Glow's fiscal year ends in late January / early February (e.g., FY2025 ended February 1, 2025). i) Represents the face value of the convertible senior notes of $351.9M with a conversion ratio of a) Glow's closing share price on August 18, 2025. 45.8732, which implies a conversion price of $21.80, provided to Solomon by Management and b)Shares 3, 2025 .outstanding as of June 5, 2025. Source: Company's Form 10-Q for the period ended May approved for use by the Special Committee on August 14, 2025. j) Represents a net benefit of $16.0M from the negotiated termination of the convertible note c) average Option equivalent exercise price shares of $ calculation 12.46 per share based . Source: on the Company's treasury stock Form method 10-K for using the period a weighted ended hedge and warrant transactions, provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. February 1, 2025. k) Glow's closing share price on March 14, 2025, the trading day prior to March 17, 2025, the date d)As of May 3, 2025. Source: Company's Form 10-Q for the period ended May 3, 2025. that Glow publicly announced receipt of a non-binding proposal from WHP Global, per a e) (August Shares outstanding 8, 2025)" approved as of August for its 8, use 2025 by. Management Source: "Calculation on August of Fully 8, 2025, Diluted and Share approved Count for its Schedule 13D filed on March 17, 2025. l) Represents EBITDA for the twelve-month period ended fiscal month-end June 2025. Source: use by the Special Committee on August 14, 2025. "FY24, FY25 & FY26 Jun YTD P&Ls.xlsx", provided to Solomon by Management and approved f) Source: Option equivalent "Calculation shares of Fully calculation Diluted Share based Count on the (August treasury 8, stock 2025)" method approved at $ for 16 .75 its per use share by . for its use by the Special Committee on August 14, 2025. m)Source: Median of Wall Street analysts' estimates as of August 18, 2025. Management on August 8, 2025, and approved for its use by the Special Committee on August 14, 2025. n)Management Source: "5-Year and Projections approved — Extract for its use —Broken by the Links Special .xlsx", Committee provided on to Solomon August 14, by 2025. g)Nonvested change in control stock awards of the Company / units that . Source: are assumed "Calculation to fully of vest Fully upon Diluted the occurrence Share Count of (August a 8, the 2025)" Special approved Committee for its on use August by Management 14, 2025. on August 8, 2025, and approved for its use by Private and Confidential

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GLOW STOCK PRICE PERFORMANCE OVER TIME STOCK PRICE PERFORMANCE – LAST TWELVE MONTHS Price Date High $21.53 8/23/2024 WHP Proposal Low $8.66 4/8/2025 $30.00 Announcement (a) $25.00 $20.00 Offer: $16.75 $15.00 8/18/2025: $13.47 1-Yr Median: $13.15 $10.00 $5.00 Aug 24 Nov 24 Feb 25 May 25 Aug 25 STOCK PRICE PERFORMANCE – LAST 5 YEARS Price Date High $33.40 4/1/2024 $35.00 Low $8.66 4/8/2025 WHP Proposal $30.00 Announcement (a) $25.00 5-Yr Median: $20.85 $20.00 3-Yr Median: $19.87 $15.00 Offer: $16.75 $10.00 8/18/2025: $13.47 1-Yr Median: $13.15 $5.00 Aug 20 Feb 21 Jul 21 Dec 21 Jun 22 Nov 22 May 23 ct 23 Apr 24 Sep 24 Mar 25 Aug 25 Source: Capital IQ as of August 18, 2025. Note: Stock price Highs, Medians, and Lows calculated using daily close prices. 5 a) Glow publicly announced receipt of a non-binding proposal from WHP Global on March 17, 2025, per a Schedule 13D filed on March 17, 2025. Private and Confidential

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STOCK PRICE RETURNS OVER TIME YTD STOCK PRICE STOCK PRICE CHANGE Median: (25%) 35 21 10 3 (2) (8) (11) (18) (25) (27) (38) (41) (42) (44) S&P 1500 Glow Apparel S&P 500 Retail 3-YEAR STOCK PRICE CHANGE Median: 9% 365 244 107 85 53 13 11 9 (34) (2) (5) (29) (43) (61) S&P 1500 Glow Apparel S&P 500 Retail 5-YEAR STOCK PRICE CHANGE Median: 76% 827 646 289 150 134 81 71 49 41 91 13 12 0 NA (a) S&P 1500 S&P 500 Glow Apparel Retail Source: Capital IQ as of August 18, 2025. a) Victoria's Secret shares began trading on July 21, 2021, following its spin-off from Bath & Body Works, Inc. (f/k/a L Brands, Inc.). 6 Private and Confidential

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CONSOLIDATED HISTORICAL AND PROJECTED FINANCIALS (Amounts in Millions, Except Per Share Data) Fiscal Year Historical LTM Projected CAGR Income Statement Data (a) 2019A 2020A 2021A 2022A 2023A 2024A 2025A (b) Jun-25 (c) 2026P 2027P 2028P 2029P 2030P FY19-FY25FY25-FY30 Net Sales $2,609.7 $2,678.1 $1,876.5 $2,591.6 $2,687.4 $2,776.5 $2,995.3 $3,072.4 $3,215.9 $3,377.3 $3,525.5 $3,662.1 $3,780.3 2.3% 4.8% Gross Profit 939.6 1,015.7 697.1 1,169.5 1,148.7 1,222.6 1,301.0 1,308.9 1,378.5 1,485.3 1,554.3 1,619.3 1,675.3 5.6 5.2 EBITDA 184.0 222.4 83.5 367.4 324.4 316.4 247.7 220.0 239.5 296.1 310.5 319.3 320.8 5.1 5.3 EBIT 115.6 150.2 20.0 310.6 262.9 255.0 179.5 150.1 163.8 221.1 235.5 243.1 243.4 7.6 6.3 Net Income to Common 80.4 105.0 (4.5) 194.7 161.1 174.0 104.5 78.0 98.8 135.7 147.0 150.0 149.3 4.5 7.4 Diluted EPS $0.98 $1.45 ($0.07) $2.92 $2.74 $3.14 $1.96 NA $1.86 $2.51 $2.68 $2.68 $2.62 12.2 6.0 Number of Directly Operated Stores 1,161 1,169 1,046 1,068 1,046 1,002 1,070 1,008 1,015 1,022 1,026 1,028 Margins Gross Margin 36.0% 37.9% 37.1% 45.1% 42.7% 44.0% 43.4% 42.6% 42.9% 44.0% 44.1% 44.2% 44.3% EBITDA 7.0 8.3 4.4 14.2 12.1 11.4 8.3 7.2 7.4 8.8 8.8 8.7 8.5 EBIT 4.4 5.6 1.1 12.0 9.8 9.2 6.0 4.9 5.1 6.5 6.7 6.6 6.4 Growth Rates Retail Comparable Sales (d) US & Canada—Core Guess 3.4% (0.8%) (21.3%) 1.8% (2.1%) (6.9%) (13.0%) NA (7.6%) 4.0% 4.0% 3.0% 3.0% Europe (Euros) (e) (1.4) 0.2 (24.7) (20.2) 14.1 6.7 2.9 NA 1.8 4.2 3.0 3.0 3.0 rag & bone NA 5.1 3.0 3.0 3.0 3.0 Net Sales 2.6 (29.9) 38.1 3.7 3.3 7.9 7.9% 7.4 5.0 4.4 3.9 3.2 EBITDA 20.9 (62.5) 340.0 (11.7) (2.5) (21.7) (24.0) (3.3) 23.6 4.9 2.8 0.5 EBIT 29.9 (86.7) 1,453.5 (15.3) (3.0) (29.6) (33.5) (8.8) 35.0 6.5 3.2 0.2 Balance Sheet and Cash Flow Data Cash $284.6 $469.1 $415.6 $275.8 $360.3 $187.7 $172.1 $199.2 $278.2 $317.0 $382.1 $464.3 Total Debt 289.6 365.9 374.9 435.2 453.8 528.1 630.7 573.3 589.1 556.1 582.0 559.0 Capital Expenditures (61.9) (18.9) (63.5) (89.5) (74.2) (86.1) (89.7) (66.0) (80.0) (80.0) (80.0) (80.0) Change in Net Working Capital (24.8) 84.6 (43.3) (105.3) 69.6 (73.0) (33.8) (47.2) (6.8) (11.9) (14.5) (13.0) Free Cash Flow (f) 133.3 183.0 61.1 72.2 248.4 29.8 16.7 42.5 134.4 144.2 161.7 173.0 Shareholder Returns Share Repurchases ($285.2) ($38.5) ($54.5) ($185.5) ($73.3) ($55.3) ($42.1) $1.8 -———-Dividends (42.1) (15.6) (36.7) (57.8) (65.6) (198.8) (70.0) (62.8) ($64.2) ($65.4) ($66.6) ($67.8) Source of historical financials: Company public filings. b)Glow completed its acquisition of rag & bone on Management and approved for its use by the April 2, 2024; FY2025A financials include Special Committee on August 14, 2025. Source of projected financials: "5-Year Projections—approximately 10 months of rag & bone contribution. Extract—Broken Links.xlsx", provided to Solomon by d)Excludes ecommerce sales; in constant currency; Management and approved for its use by the Special c) Source of LTM financials: "FY24, FY25 & FY26 Jun YTD FY2022A (post-pandemic year) figures vs. FY2020 Committee on August 14, 2025. P&Ls.xlsx", provided to Solomon by Management (pre-pandemic year) per Company internal and approved for its use by the Special Committee reporting. Note: Glow's fiscal year ends in late January / early on August 14, 2025. Source of LTM balance sheet February (e.g., FY2025 ended February 1, 2025). e) FY2021A comparable sales for Europe are in USD data: "FY26 Balance Sheet_June.xlsx", provided to constant currency. Note: FY2024A reflects a 53-week fiscal year. Solomon by Management and approved for its use by the Special Committee on August 14, 2025. f) Defined as net cash provided by operating activities a) Adjusted to exclude non-recurring and extraordinary Source of LTM cash flow data: "Jun YTD FY26 – LTM less capital expenditures less payments for property items as publicly disclosed. Cash Flow.xlsx", provided to Solomon by and equipment under finance leases. 7 Private and Confidential

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GLOW TRADING MULTIPLES OVER TIME EV / LTM EBITDA – LAST 5 YEARS Multiples NM 14.0x 12.0x 10.0x 8.0x 8/18/25: 5.3x 6.0x 5-Yr Median: 4.9x 4.0x 3-Yr Median: 4.7x 2.0x 1-Yr Median: 4.7x Aug 20 Feb 21 Jul 21 Dec 21 Jun 22 Nov 22 May 23 ct 23 Apr 24 Sep 24 Mar 25 Aug 25 FORWARD P/E (FY+1) (a) – LAST 5 YEARS 20.0x Multiples NM 16.0x 12.0x 8/18/25: 9.4x 5-Yr Median: 7.7x 8.0x 3-Yr Median: 7.5x 1-Yr Median: 7.4x 4.0x Aug 20 Feb 21 Jul 21 Dec 21 Jun 22 Nov 22 May 23 ct 23 Apr 24 Sep 24 Mar 25 Aug 25 Source: Capital IQ as of August 18, 2025. Note: Multiples over 20.0x or less than 0.0x considered non-material and omitted from medians. 8 a) Reflects median Wall Street estimates, per Capital IQ. Private and Confidential

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SELECTED PUBLIC COMPANIES TRADING MULTIPLES EV / LTM EBITDA (USD $M) Median: 4.5x Median (excl. URBN and LEVI): 4.4x 9.9 x 9.1 x 6.6 x 4.4 x 5.3 x 5.8 x 5.3 x 4.6 x 4.5 x 4.4 x 4.2 x 4.2 x 3.1 x 2.8 x Unaffected Glow (c) (a) Offer (b) Price Current EV: $1,017 $1,215 $1,444 $6,407 $8,643 $3,583 $5,826 $3,965 $2,786 $2,252 $789 $7,071 $286 $891 LTM (d) (d) (e) EBITDA: $231 $231 $220 $649 $954 $617 $1,108 $867 $620 $510 $186 $1,668 $93 $324 EV / CY2025E EBITDA (USD $M) Median: 5.6x Median (excl. URBN and LEVI): 5.3x 9.5 x 9.0 x 6.0 x 6.6 x 6.0 x 5.6 x 5.8 x 5.6 x 5.3 x 4.7 x 4.8 x 4.4 x 3.9 x 3.1 x Unaffected Glow (b) (c) (a) Offer Price Current CY2025E (f) (f) (g) EBITDA: $217 $217 $240 $910 $715 $545 $132 $389 $1,037 $525 $831 $1,623 $227 $91 Source of historical financials: Company public filings. occurrence of a change in control of the Company and option equivalent shares calculated using the treasury Source of projected financials: Capital IQ and analyst estimates as of August 18, 2025. approved stock method for its at use $16 by .75 Management per share. Source: on August "Calculation 8, 2025, of and Fully approved Diluted Share for its Count use by (August the Special 8, 2025)", Committee on or Note: late Calendar January /year early financials February reflect of a given fiscal year year . financials for all companies whose fiscal year ends in December August 14, 2025. a) nterprise value calculation based on Glow's closing share price of $9.70 on March 14, 2025, the trading day c) converted EBITDA adjusted to USD for at comparability, historical average standardizing spot exchange IFRS rates, lease per accounting Capital IQ with . Projected U.S. GAAP financials . Historical converted financials to Global, prior to per March a Schedule 17, 2025, 13D the filed date on that March Glow 17, publicly 2025, and announced latest publicly receipt available of a non information -binding proposal . from WHP USD at current spot exchange rate as of August 18, 2025, per Capital IQ. b) Enterprise value calculation based on $293.2M of current and long-term debt and finance lease obligations, d) As of May 3, 2025. Source: Company's Form 10-Q for the period ended May 3, 2025. $172.1M of cash and cash equivalents and $55.1M of redeemable and nonredeemable noncontrolling interests e) Represents EBITDA for the twelve-month period ended fiscal month-end June 2025. Source: "FY24, FY25 & as of fiscal month-end June 2025. Source: "FY26 Balance Sheet_June", provided to Solomon by Management FY26 Committee Jun YTD on P&Ls August .xlsx", 14, provided 2025. to Solomon by Management and approved for its use by the Special convertible and approved senior for its notes use by of $ the 351 .Special 9M and Committee a net benefit on of August $16.0M 14, from 2025 the . Includes negotiated the termination face value of of the the f) Source: Median of Wall Street analysts' estimates as of August 18, 2025. convertible use by the Special note hedge Committee and warrant on August transactions, 14, 2025. provided Fully diluted to Solomon shares outstanding by Management based and on 52 approved .1M shares for its g) Source: "5-Year Projections—Extract—Broken Links.xlsx", provided to Solomon by Management and approved 9 for its use by the Special Committee on August 14, 2025. Private and Confidential outstanding as of August 8, 2025, 3.0M nonvested stock awards / units that are assumed to fully vest upon the

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SELECTED PUBLIC COMPANIES TRADING MULTIPLES OVER TIME EV / LTM EBITDA – 1-YEAR MEDIAN Median: 5.3x Median (excl. URBN and LEVI): 5.0x 8.9 x 6.6 x 7.1 x 6.6 x 5.8 x 5.4 x 5.3 x 5.0 x 4.4 x 4.7 x 4.9 x 4.2 x 4.0 x 3.8 x Glow Unaffected (a) (a) 1-Year Offer Price Median EV / LTM EBITDA – 3-YEAR MEDIAN Median: 6.1x Median (excl. URBN and LEVI): 6.0x 9.1 x 7.7 x 6.6 x 6.4 x 6.4 x 6.3 x 6.1 x 6.0 x 4.4 x 4.7 x 5.2 x 4.4 x 4.3 x 3.5 x Glow Unaffected (a) (a) 3-Year Offer Price Median EV / LTM EBITDA – 5-YEAR MEDIAN Median: 5.8x Median (excl. URBN and LEVI): 5.4x 9.4 x 8.6 x 6.6 x 6.3 x 6.2 x 6.2 x 5.8 x 4.4 x 4.9 x 5.4 x 4.8 x 4.8 x 4.3 x 3.7 x Glow Unaffected (a) (b) (a) 5-year Offer Price Median Source: Capital IQ as of August 18, 2025. Note: Multiples over 20.0x considered non-material and omitted from medians. a) Please refer to pg. 9 for detail on EV / LTM EBITDA calculation. 10 b) Victoria's Secret shares began trading on July 21, 2021, following its spin-off from Bath & Body Works, Inc. (f/k/a L Brands, Inc.). Reflects median for July 21, 2021 through August 18, 2025 (4.08 years). Private and Confidential

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SELECTED PUBLIC COMPANIES TRADING MULTIPLES (CONT.) P / CY+1 EARNINGS Median: 11.3x Median (excl. URBN and LEVI): 9.5x 16.7 x 16.2 x 15.5 x 15.3 x 12.9 x 11.3 x 9.4 x 9.0 x 9.5 x 9.3 x 8.7 x 6.7 x 7.0 x 5.7 x Unaffected Glow (b) (c) (a) Offer Price Current (d) (d) (e) CY25E EPS: $1.44 $1.44 $1.86 $0.77 $1.30 $2.94 $5.02 $3.68 $2.01 $2.19 $10.25 $2.99 $10.82 $2.83 P / CY+2 EARNINGS Median: 10.1x Median (excl. URBN and LEVI): 9.1x 14.6 x 14.0 x 12.0 x 10.8 x 10.4 x 10.1 x 9.1 x 8.8 x 8.6 x 8.4 x 6.0 x 6.7 x 6.2 x 4.9 x Unaffected Glow (c) (a) Offer (b) Price Current CY26E EPS: $1.61(d) $1.61(d) $2.51(e) $1.44 $5.49 $3.80 $4.42 $1.24 $2.25 $2.30 $10.90 $3.03 $12.27 $3.28 Source: Capital IQ and analyst estimates as of August 18, 2025. b) Based on offer price of $16.75. Note: Calendar year financials reflect fiscal year financials for all companies whose fiscal year ends in c) Projected financials converted to USD at current spot exchange rate as of August 18, 2025, per December or late January / early February of a given year. Capital IQ. a) Based on Glow's closing share price of $9.70 on March 14, 2025, the trading day prior to March 17, d) Source: Median of Wall Street analysts' estimates as of August 18, 2025. 2025, the date that Glow publicly announced receipt of a non-binding proposal from WHP Global, per a Schedule 13D filed on March 17, 2025, and latest publicly available information. e) Source: "5-Year Projections—Extract—Broken Links.xlsx", provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. 11 Private and Confidential

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SELECTED PUBLIC COMPANIES TRADING MULTIPLES OVER TIME (CONT.) P / CY+1 EARNINGS – 1-YEAR MEDIAN Median: 10.7x Median (excl. URBN and LEVI): 10.6x 14.2 x 12.4 x 12.1 x 11.4 x 11.0 x 10.7 x 10.6 x 9.8 x 9.0 x 6.7 x 7.4 x 7.4 x 6.9 x 6.9 x Glow Unaffected (a) (a) 1-Year Offer Price Median P / CY+1 EARNINGS – 3-YEAR MEDIAN Median: 11.7x Median (excl. URBN and LEVI): 10.0x 14.7 x 13.9 x 13.5 x 13.1 x 12.3 x 11.7 x 9.0 x 10.0 x 9.4 x 8.4 x 8.2 x 6.7 x 7.5 x 7.2 x Glow Unaffected (a) (a) 3-Year Offer Price Median P / CY+1 EARNINGS – 5-YEAR MEDIAN Median: 11.4x Median (excl. URBN and LEVI): 10.3x 14.1 x 13.3 x 13.2 x 12.7 x 12.1 x 11.4 x 10.3 x 7.7 x 9.0 x 8.7 x 8.3 x 8.2 x 7.4 x 6.7 x Glow (b) Unaffected (a) (a) 5-year Offer Price Median Source: Capital IQ as of August 18, 2025. b)Victoria's Secret shares began trading on July 21, 2021, following its spin-off from Bath & Body Works, Inc. (f/k/a L Brands, Inc.). Reflects median for July 21, 2021 Note: Multiples over 20.0x or less than 0.0x considered non-material and omitted through August 18, 2025 (4.08 years). from medians. a) Please refer to pg. 11 for detail on P / CY+1 earnings calculation. 12 Private and Confidential

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SUMMARY VALUATION BASED ON SELECTED PUBLIC COMPANIES (Amounts in Millions, Except Per Share Data) Valuation Implied Implied Implied Price Multiples (c) Enterprise Value Equity Value (d) Per Share Value (e) LTM EBITDA (a) $220.0 2.8 x—5.8 x $605.7—$1,277.2 $77.6—$749.2 $1.49—$14.26 CY2025P EBITDA (b) $239.5 3.1 x—6.6 x $750.6—$1,574.9 $222.5—$1,046.8 $4.27—$19.85 CY2025P EPS (b) $1.86 5.7 x—16.7 x $1,084.8—$2,474.3 $556.7—$2,298.1 $10.63—$31.03 CY2026P EPS (b) $2.51 4.9 x—12.0 x $1,179.6—$2,397.5 $651.6—$2,221.3 $12.42—$30.13 Note: Glow's fiscal year ends in late January / early February (e.g., FY2025 ended February 1, 2025). a) Represents EBITDA for the twelve-month period ended fiscal month-end June 2025. Source: "FY24, FY25 & FY26 Jun YTD P&Ls.xlsx", provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. b)Source: "5-Year Projections—Extract—Broken Links.xlsx", provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. c) Excludes Levi Strauss and Urban Outfitters. d)Net debt includes $293.2M of current and long-term debt and finance lease obligations, $172.1M of cash and cash equivalents and $55.1M of redeemable and nonredeemable noncontrolling interests as of fiscal month-end June 2025. Source: "FY26 Balance Sheet_June", provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. Includes the face value of the convertible senior notes of $351.9M with a conversion ratio of 45.8732, which implies a conversion price of $21.80, provided to Solomon by Management and approved for use by the Special Committee on August 14, 2025. As if converted method utilized for calculations above this price. e) Fully diluted shares outstanding based on 52.1M shares outstanding as of August 8, 2025 and option equivalent shares calculated using the treasury stock method at various prices. Source: "Calculation of Fully Diluted Share Count (August 8, 2025)", approved for its use by Management on August 8, 2025, and approved for its use by the Special Committee on August 14, 2025. 13 Private and Confidential

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SELECTED PRECEDENT TRANSACTIONS (Dollars in Millions) Date Enterprise LTM EBITDA Announced Acquiror Target Value Multiple May-25 DICK'S Sporting Goods, Inc. Foot Locker, Inc. $2,500 (a) 6.4 x Apr-24 JD Sports Hibbett, Inc. (b) 1,102 6.2 Sep-23 Sycamore Partners Chico's FAS 872 4.9 Source: SEC filings, public documents and news articles. a) Source: DICK'S Sporting Goods Form 8-K filed on May 15, 2025. b) xcluding effect of the 53rd week in ibbett's 2024 fiscal year and the effect of a non-recurring EBITDA benefit due to a change in ibbett's estimate of gift card breakage. 14 Private and Confidential

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SUMMARY VALUATION BASED ON SELECTED PRECEDENT TRANSACTIONS (Amounts in Millions, Except Per Share Data) Valuation Implied Implied Implied Price Multiples Enterprise Value Equity Value (b) Per Share Value (c) LTM EBITDA (a) $220.0 4.9 x—6.4 x $1,074.6—$1,408.2 $562.5—$896.1 $10.16—$16.11 a) Represents EBITDA for the twelve-month period ended fiscal month-end June 2025. Source: "FY24, FY25 & FY26 Jun YTD P&Ls.xlsx", provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. b)Net debt includes $293.2M of current and long-term debt and finance lease obligations, $172.1M of cash and cash equivalents and $55.1M of redeemable and nonredeemable noncontrolling interests as of fiscal month-end June 2025. Source: "FY26 Balance Sheet_June", provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. Includes the face value of the convertible senior notes of $351.9M with a conversion ratio of 45.8732, which implies a conversion price of $21.80, provided to Solomon by Management and approved for use by the Special Committee on August 14, 2025. Includes a net benefit of $16.0M from the negotiated termination of the convertible note hedge and warrant transactions, provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. c) Fully diluted shares outstanding based on 52.1M shares outstanding as of August 8, 2025, 3.0M nonvested stock awards / units that are assumed to fully vest upon the occurrence of a change in control of the Company and option equivalent shares calculated using the treasury stock method at various prices. Source: "Calculation of Fully Diluted Share Count (August 8, 2025)", approved for its use by Management on August 8, 2025, and approved for its use by the Special Committee on August 14, 2025. 15 Private and Confidential

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DISCOUNTED CASH FLOW ANALYSIS (Amounts in Millions, Except Per Share Data) Fiscal Year 2H-2026P (b) 2027P 2028P 2029P 2030P Net Sales $1,807.6 $3,377.3 $3,525.5 $3,662.1 $3,780.3 % Growth (a) 5.0% 4.4% 3.9% 3.2% EBITDA 209.3 296.1 310.5 319.3 320.8 % of Net Sales 11.6% 8.8% 8.8% 8.7% 8.5% EBIT 169.8 221.1 235.5 243.1 243.4 % of Net Sales 9.4% 6.5% 6.7% 6.6% 6.4% Taxes (50.9) (55.3) (58.9) (60.8) (60.9) % Tax Rate 30.0% 25.0% 25.0% 25.0% 25.0% Tax-Effected EBIT 118.8 165.8 176.6 182.3 182.6 Depreciation & Amortization 39.5 75.0 75.0 76.2 77.4 Stock Option Expense 13.7 26.0 26.0 27.0 28.0 Capital Expenditures (24.1) (80.0) (80.0) (80.0) (80.0) Change in Net Working Capital (39.8) (6.8) (11.9) (14.5) (13.0) Free Cash Flow $108.1 $180.0 $185.7 $191.0 $195.0 Growth in Free Cash Flow (a) 76.1% 3.1% 2.9% 2.1% Terminal Value / EBITDA Multiple 3.7 x 3.7 x 3.7 x 4.7 x 4.7 x 4.7 x 5.7 x 5.7 x 5.7 x Discount Rate 12.0% 13.0% 14.0% 12.0% 13.0% 14.0% 12.0% 13.0% 14.0% Present Value of Free Cash Flow $677.1 $665.1 $653.5 $677.1 $665.1 $653.5 $677.1 $665.1 $653.5 Present Value of Terminal Value 715.9 688.0 661.5 909.3 874.0 840.3 1,102.8 1,059.9 1,019.0 Total Enterprise Value $1,392.9 $1,353.1 $1,315.0 $1,586.4 $1,539.1 $1,493.8 $1,779.9 $1,725.0 $1,672.6 Less: Net Debt (c) (160.2) (160.2) (160.2) (160.2) (160.2) (160.2) (160.2) (160.2) (160.2) Less: Convertible Senior Notes (d) (351.9) (351.9) (351.9) (351.9) (351.9) (351.9) — (351.9) (351.9) Total Equity Value $880.8 $841.0 $802.9 $1,074.3 $1,027.0 $981.7 $1,619.7 $1,212.9 $1,160.5 Total Equity Value Per Share (e) $15.84 $15.13 $14.45 $19.28 $18.44 $17.64 $22.37 $21.72 $20.80 Terminal Value as a % of Total Value 51.4% 50.8% 50.3% 57.3% 56.8% 56.3% 62.0% 61.4% 60.9% Implied Perpetuity Growth Rate (3.8%) (2.9%) (2.1%) (0.8%) 0.1% 0.9% 1.2% 2.1% 3.0% Source: "5-Year Projections—Extract—Broken Links.xlsx", provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. Note: Discounted to August 18, 2025, using mid-year convention. Note: Glow's fiscal year ends in late January / early February (e.g., FY2025 ended February 1, 2025). a) FY2027 growth calculated using full-year FY2026, not based on 2H-2026P period. b)2H-2026P financials reflect August 2025 – January 2026. Source: "FY26 Financial Statements – Scenario 13 Projections.xlsx", provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. c) Net debt includes $293.2M of current and long-term debt and finance lease obligations, $172.1M of cash and cash equivalents and $55.1M of redeemable and nonredeemable noncontrolling interests as of fiscal month-end June 2025. Source: "FY26 Balance Sheet_June", provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. Includes a net benefit of $16.0M from the negotiated termination of the convertible note hedge and warrant transactions, provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. d)Represents the face value of the convertible senior notes of $351.9M with a conversion ratio of 45.8732, which implies a conversion price of $21.80, provided to Solomon by Management and approved for use by the Special Committee on August 14, 2025. As if converted method utilized for calculations above this price. e) Share count does not factor in potential impact of future stock option grants associated with stock option expense add-back to free cash flow. Fully diluted shares outstanding based on 52.1M shares outstanding as of August 8, 2025, 3.0M nonvested stock awards / units that are assumed to fully vest upon the occurrence of a change in control of the Company and option equivalent shares calculated using the treasury stock method at various prices. Source: "Calculation of Fully Diluted Share Count (August 8, 2025)", approved for its use by Management on August 8, 2025, and approved for its use by the Special Committee on August 14, 2025. 16 Private and Confidential

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PREMIUMS PAID ANALYSIS – SUMMARY SHARE PRICE PREMIUMS PAID TO TARGETS IN SELECTED TRANSACTIONS WITH MARKET CAPITALIZATIONS OF $500M—$1B OVER THE LAST FIVE YEARS Premium One-Day Median 34.2% Deal Points 48 Note: One-day premium reflects the percentage difference between the price per share offered by the acquirer and the target's closing stock price one trading day prior to the announcement date. Source: FactSet, Transactions with market capitalizations of $500M—$1B with United States targets from August 19, 2020 – August 18, 2025, in which at least a 50% stake was acquired. Excludes Finance and Insurance, Oil & Gas Production, Integrated Oil, Oilfield Services / Equipment, Real Estate, Rental & Leasing and Health Technology industries. 17 Private and Confidential

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SUMMARY VALUATION OVERVIEW Close on 8/18/2025: $13.47 Unaffected: $9.70 (a) Offer: $16.75 Selected Public Companies (b) LTM EBITDA multiple of 2.8x – 5.8x $1.49 $31.03 CY2025E EBITDA multiple of 3.1x – 6.6x CY+1 PE multiple of 5.7x – 16.7x CY+2 PE multiple of 4.9x – 12.0x Precedent Transactions (c) $10.16 $16.11 LTM EBITDA multiple of 4.9x – 6.4x Discounted Cash Flow (d) $14.45 $22.37 LTM EBITDA multiple of 3.7x – 5.7x WACC of 12.0% – 14.0% Premiums Paid Analysis (e) $13.02 Median One-Day Premium: 34.2% 52 eek Trading ange $8.66 $21.53 all Street Price Target $12.00 $23.00 $0.00 $5.00 $10.00 $15.00 $20.00 $25.00 $30.00 $35.00 Implied Enterprise Value ($M) (f): $512 $788 $1,066 $1,346 $1,627 $2,015 $2,460 $2,906 Source of projected financials: "5-Year Projections—Extract—Broken Links.xlsx", the target's closing stock price one trading day prior to the announcement date. provided to Solomon by Management and approved for its use by the Special f) Enterprise value calculation based on 52.1M shares outstanding as of August 8, Committee on August 14, 2025. 2025, 3.0M nonvested stock awards / units that are assumed to fully vest upon the a) Glow's closing share price on March 14, 2025, the trading day prior to March 17, occurrence of a change in control of the Company and option equivalent shares 2025, the date that Glow publicly announced receipt of a non-binding proposal calculated using the treasury stock method at various prices. Source: "Calculation from WHP Global, per a Schedule 13D filed on March 17, 2025. of Fully Diluted Share Count (August 8, 2025)" approved for its use by Management on August 8, 2025, and approved for its use by the Special b)Refer to pg. 13 for additional detail on assumptions. c) Refer to pg. 15 for additional detail on assumptions. Committee on August 14, 2025. Net debt includes $293.2M of current and long-term debt and finance lease obligations, $172.1M of cash and cash equivalents and d)Refer to pg. 16 for additional detail on assumptions. $55.1M of redeemable and nonredeemable noncontrolling interests as of fiscal e) Reflects median one-day premium to Glow's unaffected share price of $9.70 month-end June 2025. Source: "FY26 Balance Sheet_June", provided to Solomon (Glow's closing share price on March 14, 2025, the trading day prior to March 17, by Management and approved for its use by the Special Committee on August 14, 2025, the date that Glow publicly announced receipt of a non-binding proposal 2025. Includes the face value of the convertible senior notes of $351.9M with a from WHP Global, per a Schedule 13D filed on March 17, 2025), based on conversion ratio of 45.8732, which implies a conversion price of $21.80, provided to premiums paid to targets in transactions with market capitalizations of $500M – Solomon by Management and approved for use by the Special Committee on $1B with United States targets from August 19, 2020 – August 18, 2025, in which at August 14, 2025. As if converted method utilized for calculations above this price. least a 50% stake was acquired. Excludes Finance and Insurance, Oil & Gas Includes a net benefit of $16.0M from the negotiated termination of the Production, Integrated Oil, Oilfield Services / Equipment, Real Estate, Rental & convertible note hedge and warrant transactions, provided to Solomon by Leasing and Health Technology industries. One-day premium reflects the Management and approved for its use by the Special Committee on August 14, 2025. percentage difference between the price per share offered by the acquirer and Private and Confidential

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APPENDIX

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WEIGHTED AVERAGE COST OF CAPITAL (Dollar Amounts in Millions) Comparable Companies LTM Interest Total Market Levered Debt / Unlevered Name Expense Debt (a) Cost of Debt Cap. Beta (b) Equity Beta (c) Glow ($26) $614 4.3% (d) $702 1.20 87.3% 0.72 Abercrombie — 5.7% (e) 4,559 1.21 — 1.21 American Eagle 110 5.7% (e) 2,230 1.11 4.9% 1.07 Gap (85) 1,490 5.7% (d) 7,801 1.34 19.1% 1.17 G-III 19 7.9% (f) 1,130 1.05 1.7% 1.04 Hugo Boss (18) 406 5.6% (g) 3,282 1.08 12.4% 0.99 J.Jill 70 12.5% (h) 247 0.98 28.2% 0.81 Oxford 118 6.0% (e) 680 1.00 17.3% 0.88 PVH (89) 2,352 3.9% (d) 3,665 1.27 64.2% 0.86 Victoria's Secret 1,082 5.9% (h) 1,814 1.47 59.6% 1.01 Mean 6.5% 1.17 23.0% 1.00 Median 5.7% 1.11 17.3% 1.01 WACC Calculation (Assuming Median Beta of Comps and Debt / Equity of Comps) Assumptions Cost of Equity Calculation Risk Free Rate of Return (i) 4.3% Risk Free Rate of Return (i) 4.3% Historical Market Risk Premium (j) 7.3% Historical Market Risk Premium (j) 7.3% Size Premium (j)(k) 1.7% Levered Beta (n) 1.14 Marginal Tax Rate (l) 25.0% Size Premium (j)(k) 1.7% Cost of Equity 14.4% Other Inputs WACC Calculation Before Tax Cost of Debt (m) 6.5% Cost of Equity 14.4% After-Tax Cost of Debt 4.9% Equity / Total Capitalization 85.2% Debt / Equity 17.3% After-Tax Cost of Debt 4.9% Debt / Total Capitalization 14.8% Debt / Total Capitalization 14.8% Levered Beta (n) 1.14 WACC 13.0% Unlevered Beta (c) 1.01 Source: Capital IQ and public filings as of August 18, e)Represents current interest rate on revolving credit k)Size premium of 1.73% for companies with equity 2025. facility per public filings; no material term debt values between $304.6M and $729.9M. outstanding. Note: Analysis excludes Levi Strauss and Urban l) Source: "5-Year Projections—Extract—Broken Outfitters. f) Interest rate on senior secured notes, per company Links.xlsx", provided to Solomon by Management filings. and approved for its use by the Special Committee a)Assumes book value of debt approximates market on August 14, 2025. value. g)Implied cost of debt calculated as FY2024 interest expenses from financial liabilities divided by average m)Represents the mean cost of debt for public b)Source: Bloomberg 5-year adjusted weekly beta as total debt ((year-end FY2024 + year-end FY2023)/2). companies referenced herein. reported on August 18, 2025. h)Represents a weighted-average interest rate, per n)Levered Beta = Median Unlevered Beta of Comps \* c) Unlevered Beta = Levered Beta / {1+(Debt / Market company filings. {1+(Median Debt / Market Equity of Comps)\*(1-Tax Equity)\*(1-Tax Rate)}. Rate)}. i) 10-year Treasury Note yield as of August 18, 2025. d)Implied cost of debt calculated as LTM cash interest expenses divided by average total debt ((current + j) Source: Kroll Cost of Capital Navigator, as of 2025. 20 LTM-1)/2). Private and Confidential

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PREMIUMS PAID ANALYSIS SHARE PRICE PREMIUMS PAID TO TARGETS IN SELECTED TRANSACTIONS WITH MARKET CAPITALIZATIONS OF $500M—$1B OVER THE LAST FIVE YEARS Announced Equity One-Day Date Target Acquirer % Cash Value ($M) Premium 06-Aug-2025 American Woodmark Corp. MasterBrand, Inc.—$849.5 7.4% 01-Aug-2025 Performant Healthcare, Inc. New Mountain Capital LLC; Machinify, Inc. 100% 606.9 118.3% 23-Jun-2025 SpartanNash Co. C&S Wholesale Grocers LLC 100% 910.8 52.5% 06-May-2025 FARO Technologies, Inc. AMETEK, Inc. 100% 849.9 39.9% 17-Mar-2025 Guess?, Inc. WHP Investments LLC 100% 673.9 33.9% 13-Mar-2025 Radius Recycling, Inc. Toyota Tsusho America, Inc. 100% 847.7 114.6% 06-Feb-2025 Altus Power, Inc. TPG Growth LLC 100% 802.1 30.5% 08-Jan-2025 Accolade, Inc. Transcarent, Inc. 100% 576.4 109.9% 27-Dec-2024 Vesync Co. Ltd. Victory III Co., Ltd. 100% 821.5 33.3% 04-Dec-2024 Cross Country Healthcare, Inc. Aya Healthcare, Inc. 100% 609.7 66.8% 21-Oct-2024 SecureWorks Corp. Thoma Bravo LP; Sophos Group Ltd. 100% 755.6 0.4% 17-Jul-2024 Chuy's Holdings, Inc. Darden Restaurants, Inc. 100% 646.2 47.9% 21-Jun-2024 Sharecare, Inc. Altaris Capital Partners LLC 100% 531.8 84.7% 09-May-2024 PlayAGS, Inc. Brightstar Capital Partners LP 100% 518.8 39.5% 15-Apr-2024 Snap One Holdings Corp. Resideo Technologies, Inc. 100% 823.8 32.1% 11-Mar-2024 Bally's Corp. Standard General LP 100% 548.9 71.8% 05-Feb-2024 Haynes International, Inc. North American Stainless, Inc. 100% 779.9 8.7% 29-Jan-2024 Overseas Shipholding Group, Inc. Saltchuk Resources, Inc. 100% 511.2 44.1% 24-Dec-2023 Stratasys Ltd. Nano Dimension Ltd. 100% 980.8 25.9% 11-Dec-2023 Eagle Bulk Shipping, Inc. Star Bulk Carriers Corp.—582.5 17.3% 03-Dec-2023 Hawaiian Holdings, Inc. Alaska Air Group, Inc. 100% 936.2 270.4% 04-Oct-2023 SomaLogic, Inc. Standard BioTools, Inc.—565.5 30.3% 28-Sep-2023 Chico's FAS, Inc. Sycamore Partners Management LP 100% 876.3 64.9% 28-Aug-2023 Thorne HealthTech, Inc. Catterton Management Co. LLC 100% 551.2 30.6% 03-May-2023 Ruth's Hospitality Group, Inc. Darden Restaurants, Inc. 100% 690.6 34.1% 18-Jan-2023 Meltwater NV Altor Equity Partners AB, et al. 50% 503.6 38.5% Note: One-day premium reflects the percentage difference between the price per share offered by the acquirer and the target's closing stock price one trading day prior to the announcement date. Source: FactSet, Transactions with market capitalizations of $500M—$1B with United States targets from August 19, 2020 – August 18, 2025, in which at least a 50% stake was acquired. Excludes Finance and Insurance, Oil & Gas Production, Integrated Oil, Oilfield Services / Equipment, Real Estate, Rental & Leasing and Health Technology industries. 21 Private and Confidential

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PREMIUMS PAID ANALYSIS (CONT.) SHARE PRICE PREMIUMS PAID TO TARGETS IN SELECTED TRANSACTIONS WITH MARKET CAPITALIZATIONS OF $500M—$1B OVER THE LAST FIVE YEARS Announced Equity One-Day Date Target Acquirer % Cash Value ($M) Premium 06-Sep-2022 ChannelAdvisor Corp. Insight Venture Management LLC, et al. 100% $668.0 57.1% 28-Jul-2022 PBF Logistics LP PBF Energy, Inc. 52% 579.7 (3.4%) 25-Jul-2022 Infrastructure & Energy Alternatives, Inc. MasTec, Inc. 75% 681.2 34.3% 21-Jul-2022 Hanger, Inc. Patient Square Capital 100% 733.6 25.8% 28-Mar-2022 Neenah, Inc. Schweitzer-Mauduit International, Inc.—689.2 7.4% 19-Dec-2021 Verso Corp. BillerudKorsnäs AB 100% 787.2 56.5% 04-Nov-2021 NeoPhotonics Corp. Lumentum Holdings, Inc. 100% 859.0 38.9% 25-Oct-2021 PAE LLC Amentum Services, Inc. 100% 935.8 70.3% 12-Oct-2021 R.R. Donnelley & Sons Co. Chatham Asset Management LLC 100% 697.5 120.1% 30-Aug-2021 DSP Group, Inc. Synaptics, Inc. 100% 533.6 17.9% 11-Aug-2021 The ExOne Co. Desktop Metal, Inc. 33% 571.2 40.5% 06-Aug-2021 Intersect ENT, Inc. Medtronic Plc 100% 955.2 15.2% 08-Apr-2021 ORBCOMM, Inc. GI Manager LP 100% 916.0 51.9% 26-Mar-2021 MSG Networks, Inc. Madison Square Garden Entertainment Corp.—921.8 (7.0%) 08-Mar-2021 Airspan Networks, Inc. New Beginnings Acquisition Corp. 3% 674.1 196.3% 01-Mar-2021 Boingo Wireless, Inc. Digital Colony Management LLC 100% 626.5 22.8% 16-Feb-2021 Aegion Corp. New Mountain Capital LLC 100% 922.8 39.9% 07-Dec-2020 SEACOR Holdings, Inc. AIP LLC 100% 850.7 14.4% 30-Nov-2020 Collectors Universe, Inc. Cohen Private Ventures LLC, et al. 100% 831.3 26.8% 15-Nov-2020 Foundation Building Materials, Inc. American Securities LLC 100% 831.8 27.0% 28-Sep-2020 MobileIron, Inc. TA Associates Management LP, et al. 100% 836.0 6.2% 31-Aug-2020 Rosetta Stone, Inc. Veritas Capital Fund Management LLC, et al. 100% 738.3 0.6% Median 34.2% Note: One-day premium reflects the percentage difference between the price per share offered by the acquirer and the target's closing stock price one trading day prior to the announcement date. Source: FactSet, Transactions with market capitalizations of $500M—$1B with United States targets from August 19, 2020 – August 18, 2025, in which at least a 50% stake was acquired. Excludes Finance and Insurance, Oil & Gas Production, Integrated Oil, Oilfield Services / Equipment, Real Estate, Rental & Leasing and Health Technology industries. 22 Private and Confidential

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WALL STREET COVERAGE ($ Millions) Report Summary Fiscal 2026E Fiscal 2027E Contributor Date Rec. Target Sales EBITDA EPS Sales EBITDA EPS Small Cap Consumer Research 7/23/2025 Buy $23.00(a) $3,181 $217 $1.51 $3,284 $252 $1.83 Telsey Advisory Group 6/6/2025 Hold $13.00(b) $3,199 $221 $1.44 $3,311 $233 $1.61 (c) UBS 6/6/2025 Hold $12.00 $3,170 $215 $1.40 $3,260 $222 $1.55 Median $13.00 $3,181 $217 $1.44 $3,284 $233 $1.61 Source: Wall Street equity research as of August 18, 2025. Note: Glow's fiscal year ends in late January / early February (e.g., FY2025 ends February 1, 2025). a) Price target of $23.00 translates to 12.6x Small Cap Consumer esearch's FY2027 PS projection of $1.83. b)Current price target of $13.00 based on the non-binding proposal from WHP Global publicly announced on March 17, 2025, per a Schedule 13D filed on March 17, 2025. c) 12-month price target of $12.00 based on ~6x BS' FY2028 PS projection of $1.90. 23 Private and Confidential

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VOLUME PER PRICE RANGE LAST 12 MONTHS (AS OF AUGUST 18, 2025) Average Daily Volume (12 Months): 1.1M 29 30 11 10 9 6 4 Below $10.00 $12.00 $14.00 $16.00 $18.00 Above $10.00 x x x x x $20.00 $12.00 $14.00 $16.00 $18.00 $20.00 Source: Capital IQ as of August 18, 2025. 24 Private and Confidential

## Ex-99.(C)(2)

**Exhibit (c)(2)**![LOGO](g10665dsp012.jpg)

PROJECT GLOW EXECUTIVE SUMMARY AUGUST 19, 2025

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PROCESS SUMMARY

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SITUATION OVERVIEW On March 13, 2025, Glow received a non-binding proposal from WHP Global ("WHP") to purchase all outstanding shares not already held by Paul Marciano, Maurice Marciano and Carlos Alberini (the "Potential Rollover Shareholders") for $13.00 per share in cash On March 17, 2025, Glow publicly announced that its Board of Directors had received a non-binding proposal from WHP and formed a Special Committee of independent and disinterested directors of the Board to evaluate the proposal (the "Special Committee"), with the assistance of outside financial and legal advisors, and to determine the course of action that is in the best interest of Glow and its shareholders – On that day, Paul Marciano and Maurice Marciano individually filed Schedule 13Ds disclosing the proposal from WHP On April 1, 2025, Glow received a draft merger agreement from WHP, despite WHP not completing any due diligence or signing a non-disclosure agreement ("NDA") On April 2, 2025, Glow received a non-binding proposal from Authentic Brands Group LLC ("ABG") to purchase all outstanding shares not already held by the Potential Rollover Shareholders for $15.00 per share in cash On April 3, 2025, Glow publicly announced that the Special Committee retained Solomon Partners as its financial advisor and Willkie Farr & Gallagher LLP ("Willkie") as its legal advisor On April 24, 2025, Solomon Partners initiated outreach to additional brand management, strategic and financial acquirors approved by the Special Committee, soliciting offers for a full range of alternatives including pairing the Potential Rollover Shareholders with a buyer in a go-private transaction or an outright sale of Glow On May 5, 2025, Solomon Partners sent the Special Committee and Company approved Confidential Information Memorandum ("CIM") and process letter to interested parties under NDA and provided access to a preliminary virtual data room ("VDR")

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OUTREACH SUMMARY 38 parties were contacted, including 5 brand management companies, 11 strategics and 22 financial acquirors (including select family offices and sovereign wealth funds) Of the 38 parties contacted, 7 parties received the Confidential Information Memorandum and 2 parties submitted non-binding indications of interest Areas of concern included low growth, declining profitability, macroeconomic environment / consumer sentiment headwinds, uncertainty surrounding tariffs, lack of alignment with strategic priorities and competitive process dynamics vis-a-vis brand management companies Brand Financial / Summary of Parties Contacted Strategic Management Other 38 Parties Contacted 5 11 22 9 Signed NDA 4 (a) 2 (b) 3 Provided CIM, Process Letter & 7 3 1 (c) 3 Preliminary VDR Access 2 Submitted Indication of Interest 2 0 0 Declined / No Offer Submitted 3 11 22 a)Includes Consortium Brand Partners, who executed an NDA but declined prior to receiving the CIM, process letter and preliminary VDR access. b)Includes G-III Apparel Group, who executed an NDA but was excluded from the process based on past business dealings prior to receiving the CIM, process letter and preliminary VDR access. c) Includes The Gap, who received a modified CIM and limited preliminary VDR access to files approved by the Special Committee and Company. 4 Private and Confidential

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SITUATION OVERVIEW (CONT.) On May 19, 2025, Glow received a non-binding indication of interest from ABG to purchase all outstanding shares of Glow other than the shares of the Potential Rollover Shareholders for $15.00 per share in cash, and on May 20, 2025, Glow received a non-binding indication of interest from Bluestar Alliance LLC ("Bluestar") to purchase all outstanding shares of Glow for a total purchase price of $1.35 billion, with a rollover opportunity for the Potential Rollover Shareholders – Despite repeated discussions with Solomon Partners, Willkie, Paul Marciano and Carlos Alberini, WHP refused to sign an NDA with a standstill and did not participate in the process – After receiving Bluestar's non-binding indication of interest, and numerous discussions over the following weeks, Bluestar failed to hire advisors and engage in due diligence On July 12, 2025, Glow received a mark-up of the merger agreement from ABG in which ABG eliminated the provision allowing Glow to continue paying its regular quarterly dividend of $0.30 per share On July 14, 2025, Glow received an updated offer from ABG to purchase all outstanding shares of Glow other than the shares of the Potential Rollover Shareholders for $15.00 per share in cash On July 28, 2025, Glow received an updated offer from ABG to purchase all outstanding shares of Glow other than the shares of the Potential Rollover Shareholders for $15.50 per share in cash – On that day, Glow also received a mark-up of the merger agreement from ABG in which ABG accepted the "majority of the minority" provision On August 5, 2025, Glow received an updated offer from ABG to purchase all outstanding shares of Glow other than the shares of the Potential Rollover Shareholders for $16.25 per share in cash and agreed to Glow paying up to $0.60 per share of total dividends during the period before the closing of the proposed transaction, consisting of Glow's regular $0.30 per share September and December dividends On August 11, 2025, Glow received an updated offer from ABG to purchase all outstanding shares of Glow other than the shares of the Potential Rollover Shareholders for $16.75 per share in cash and agreed to Glow paying a regular quarterly dividend of up to $0.225 per share during the period before the closing of the proposed transaction – $16.75 per share offer price represents a 73% premium over Glow's unaffected share price of $9.70 (a), a 6.6x LTM EBITDA multiple (b) and a 9.0x CY+1 PE multiple (c) a) Glow's closing share price on March 14, 2025, the trading day prior to March 17, 2025, the date that Glow publicly announced receipt of a non-binding proposal from WHP Global, per a Schedule 13D filed on March 17, 2025. b)EBITDA based on the twelve-month period ended fiscal month-end June 2025. Source: "FY24, FY25 & FY26 Jun YTD P&Ls.xlsx", provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. Enterprise value calculation based on $293.2M of current and long-term debt and finance lease obligations, $172.1M of cash and cash equivalents and $55.1M of redeemable and nonredeemable noncontrolling interests as of fiscal month-end June 2025. Source: "FY26 Balance Sheet_June", provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. Includes the face value of the convertible senior notes of $351.9M and a net benefit of $16.0M from the negotiated termination of the convertible note hedge and warrant transactions, provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. Fully diluted shares outstanding based on 52.1M shares outstanding as of August 8, 2025, 3.0M nonvested stock awards / units that are assumed to fully vest upon the occurrence of a change in control of the Company and option equivalent shares calculated using the treasury stock method at $16.75 per share. Source: "Calculation of Fully Diluted Share Count (August 8, 2025)", approved for its use by Management on August 8, 2025, and approved for its use by the Special Committee on August 14, 2025. c) Source: "5-Year Projections—Extract—Broken Links.xlsx", provided to Solomon by Management and approved for its use by the Special Committee on August 14, 2025. 5 Private and Confidential

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SIMPLIFIED PROPOSED TRANSACTION STRUCTURE SUMMARY

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SIMPLIFIED PROPOSED TRANSACTION STRUCTURE CURRENT STRUCTURE PROPOSED TRANSACTION (a) Other Public 3rd Party Paul Carlos Maurice PMF ABG Shareholders Debt Cash Cash Cash Insider Other Public ABG Guess?, -Gold LLC UK Guess?, Inc. Group Shareholders 51% 49% 51% Ownership of Guess IP Legal Rights Guess?, Inc. Gold IPCo (Publicly Traded) Guess IP (CH) (Legal) HoldCo 51% Ownership of Guess IP Economic / Beneficial Rights Entity Legend C Corporation Tax Partnership Individual Disregarded Entity Source: "Project Gold-Glow STR Deck [External].pdf" provided by Latham & Watkins LLP on August 12, 2025. a) The Paul Marciano Foundation is defined as "PMF". 7 Private and Confidential

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SIMPLIFIED PROPOSED TRANSACTION STRUCTURE (CONT.) KEY STEPS PROPOSED POST-TRANSACTION STRUCTURE Guess IP (Legal) HoldCo and Gold IPCo are formed to establish separate legal ownership of the Guess IP Paul & Carlos – Guess IP (Legal) HoldCo receives all of the legal rights to the ABG Guess IP from Guess? IP Holder L.P. and Guess?, Inc. – Guess Europe Sagl assigns and contributes all of the economic / beneficial rights to the Guess IP to Gold IPCo Investor Holdings Guess?, Inc., ABG and the insiders form a series of U.S., Swiss and Dutch subsidiaries to facilitate the transfer of (i) the Guess IP to ABG Guess?, -Gold LLC UK Maurice PMF (a) ABG and the insiders and (ii) the ownership of Guess' operations to Paul and Carlos ABG acquires 51% of the outstanding equity of Guess IP (Legal) HoldCo and Gold IPCo from Guess?, Inc. in exchange for cash Investor IP (Legal) LLC IPCo Guess?, Inc. repays third-party debt Holdings All Guess?, Inc. shareholders (other than the insiders) receive $16.75 per share in cash consideration in exchange for their Guess?, Inc. stock 49% 51% Glow HoldCo Guess?, Investor LLC Guess IP TopCo Guess?, Inc. converts to an LLC and all of the outstanding equity (Legal) HoldCo of Guess?, LLC is contributed to Gold OpCo Holdings Results in (i) ABG owning 51% of Guess IP (Legal) HoldCo and 51% of Gold IPCo, (ii) the insiders collectively owning 49% of 49% Guess IP (Legal) HoldCo and 49% of Gold IPCo, and (iii) Paul and 51% Gold IPCo Carlos owning 100% of Gold OpCo Holdings (CH) 100% – Guess IP (Legal) HoldCo will have the legal rights to the License to Guess IP Guess IP and various consent rights to ensure appropriate Gold OpCo tax treatment Holdings Royalty Payments – Gold IPCo will license the Guess IP to Gold OpCo Holdings (and / or other OpCo entities) in exchange for royalty Entity Legend payments C Corporation Tax Partnership Individual Disregarded Entity Source: "Project Gold-Glow STR Deck [External].pdf" provided by Latham & Watkins LLP on August 12, 2025. a) The Paul Marciano Foundation is defined as "PMF". 8 Private and Confidential

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DISCLAIMER The following pages contain material provided to the Special Committee of the Board of Directors (the "Special Committee") and the Board of Directors (the "Board") of Guess ?, Inc. (the "Company" or "Glow") by Solomon Partners Securities, LLC ("Solomon") in connection with Project Glow. These materials were prepared on a confidential basis in connection with an oral presentation to the Special Committee and the Board and not with a view toward complying with the disclosure standards under state or federal securities laws or otherwise. These materials are solely for use of the Special Committee and the Board in its evaluation of the proposed transaction and may not be used for any other purpose or disclosed to any party without Solomon's prior written consent. The information contained in this presentation was based solely on publicly available information or information furnished to Solomon by the Company. Solomon has relied, without independent investigation or verification, on the accuracy, completeness and fair presentation of all such information and the conclusions contained herein are conditioned upon such information (whether written or oral) being accurate, complete and fairly presented in all respects. This presentation includes certain statements, estimates and projections provided by the Company with respect to the historical and anticipated future performance of the Company. Such statements, estimates and projections contain or are based on significant assumptions and subjective judgments made by the Company's management. None of Solomon, its affiliates or its or their respective employees, directors, officers, contractors, advisors, members, successors or agents makes any representation or warranty in respect of the accuracy, completeness or fair presentation of any information, projections or any conclusion contained herein. Solomon, its affiliates and its and their respective employees, directors, officers, contractors, advisors, members, successors and agents shall have no liability with respect to any information, projections or matter contained herein, or any oral information provided herewith or data any of them generates. The information contained herein should not be assumed to have been updated at any time subsequent to date shown on the first page of the presentation and the delivery of the presentation does not constitute a representation by Solomon that such information will be updated at any time after the date of the presentation. Neither Solomon nor any of its affiliates is an advisor as to legal, tax, accounting or regulatory matters in any jurisdiction. The Company, the Special Committee and the Board acknowledge that Solomon is an affiliate of Natixis, a global full service commercial and investment bank. These materials are not and should not be construed as a fairness opinion. 9 Private and Confidential

## Ex-99.(C)(4)

**Exhibit (c)(4)**![LOGO](g10665page001.jpg)

Exhibit (c)(5) Confidential FOR DISCUSSION PURPOSES ONLY Discussion Materials August 12, 2025

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Disclaimer Matthews South, LLC (or, where applicable, its affiliates, in each case MS) is not acting as a valuation expert. MS is providing the estimates set forth in this document (or any attachment or enclosure to it) solely for your own internal informational use only (and should not be the source of marks in any financial statements). These materials and MS' presentation relating to these materials may not be disclosed to any third party or circulated or referred to publicly or used for or relied upon for any other purpose without the prior written consent of MS. These estimates were not prepared with a view to public disclosure or to conform to any disclosure standards under any state, federal or international securities laws or other laws, rules or regulations, and MS does not take any responsibility for the use of the estimates by persons other than those set forth above. Notwithstanding anything in this document to the contrary, you may disclose to any person the US federal income and state income tax treatment and tax structure of any transaction described herein and all materials of any kind (including tax opinions and other tax analyses) that are provided to you relating to such tax treatment and tax structure, without MS imposing any limitation of any kind. MS's estimates are typically derived all or in part from model prices, external sources, market data (which may be generated internally), and may be based on certain assumptions, all of which are subject to change without notice. No guarantee or warranty is made as to the reasonableness of the assumptions or the accuracy and completeness of the valuation methodologies, models, market data, or pricing sources (internal and/or external), and the estimates should not be relied upon as such. Any responsibility or liability for any such information is expressly disclaimed. Confidential FOR DISCUSSION PURPOSES ONLY

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Disclaimer (cont'd) The analyses contained in this document do not purport to be appraisals, opinions, or recommendations, nor do they necessarily reflect the prices at which securities or instruments actually may be sold or purchased. The views expressed in this report reflect our personal views. This document is based on current public information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on as such. The information, opinions, estimates and forecasts contained herein are as of the date hereof and are subject to change without prior notification. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. The price and value of the instruments referred to in this document and the income from them may go down as well as up, and clients may realize losses on any investments. Past performance is not a guide to future performance. Future returns are not guaranteed, and a loss of original capital may occur. Each recipient has the capability to independently evaluate investment risk and will exercise independent judgment in evaluating investment decisions in that its investment decisions will be based on its own independent assessment of the opportunities and risks presented by a potential investment, market factors and other investment considerations. We do not provide tax, accounting, or legal advice to our clients, and all persons are advised to consult with their tax, accounting, or legal advisers as they deem appropriate. Confidential FOR DISCUSSION PURPOSES ONLY

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Convertible Notes Assumptions We have been asked to prepare an analysis based on the following assumptions: Dividend adjustments through June 2025 dividend. No additional dividend adjustments (i.e., no dividends other regular quarterly dividends not in excess of 22.5 cents per share per quarter) Conversion ratio of 45.8732 Conversion price of ~$21.80 Minimum price in make-whole table of ~$16.7686 Closing date of transaction of March 31, 2026 Illustrative cash transaction prices ranging from $13 to $23 in $0.25 increments Investors assumed to exercise fundamental change put right at prices below minimum price in make-whole table Investors assumed to convert and receive additional shares at prices at or above minimum price in make-whole table All analysis done without impact of interest / accrued interest This analysis is sensitive to input parameters and the valuation models used. Use of different models or input parameters could have materially different results. Confidential FOR DISCUSSION PURPOSES ONLY

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Convertible Notes Deal Price $13.00 $13.25 $13.50 $13.75 $14.00 $14.25 $14.50 $14.75 $15.00 $15.25 Additional Shares Adjusted Conv. Rate 45.87 45.87 45.87 45.87 45.87 45.87 45.87 45.87 45.87 45.87 Conversion Value 59.6% 60.8% 61.9% 63.1% 64.2% 65.4% 66.5% 67.7% 68.8% 70.0% Assumed Investor Activity Put Put Put Put Put Put Put Put Put Put Total $MM Outlay $351.9 $351.9 $351.9 $351.9 $351.9 $351.9 $351.9 $351.9 $351.9 $351.9 Deal Price $15.50 $15.75 $16.00 $16.25 $16.50 $16.75 $17.00 $17.25 $17.50 $17.75 Additional Shares 13.34 12.88 12.42 11.99 Adjusted Conv. Rate 45.87 45.87 45.87 45.87 45.87 45.87 59.21 58.75 58.29 57.86 Conversion Value 71.1% 72.3% 73.4% 74.5% 75.7% 76.8% 100.7% 101.3% 102.0% 102.7% Assumed Investor Activity Put Put Put Put Put Put Convert Convert Convert Convert Total $MM Outlay $351.9 $351.9 $351.9 $351.9 $351.9 $351.9 $354.3 $356.7 $359.0 $361.5 Deal Price $18.00 $18.25 $18.50 $18.75 $19.00 $19.25 $19.50 $19.75 $20.00 $20.25 Additional Shares 11.60 11.21 10.82 10.43 10.04 9.72 9.40 9.08 8.76 8.44 Adjusted Conv. Rate 57.47 57.08 56.69 56.30 55.92 55.60 55.27 54.95 54.63 54.31 Conversion Value 103.4% 104.2% 104.9% 105.6% 106.2% 107.0% 107.8% 108.5% 109.3% 110.0% Assumed Investor Activity Convert Convert Convert Convert Convert Convert Convert Convert Convert Convert Total $MM Outlay $364.1 $366.6 $369.1 $371.5 $373.9 $376.7 $379.4 $382.0 $384.6 $387.1 Deal Price $20.50 $20.75 $21.00 $21.25 $21.50 $21.75 $22.00 $22.25 $22.50 $22.75 $23.00 Additional Shares 8.16 7.90 7.63 7.37 7.11 6.84 6.63 6.42 6.21 6.00 5.79 Adjusted Conv. Rate 54.04 53.77 53.51 53.24 52.98 52.72 52.50 52.29 52.08 51.88 51.67 Conversion Value 110.8% 111.6% 112.4% 113.1% 113.9% 114.7% 115.5% 116.3% 117.2% 118.0% 118.8% Assumed Investor Activity Convert Convert Convert Convert Convert Convert Convert Convert Convert Convert Convert Total $MM Outlay $389.9 $392.7 $395.5 $398.2 $400.9 $403.5 $406.5 $409.5 $412.4 $415.4 $418.2 Confidential FOR DISCUSSION PURPOSES ONLY

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Note Hedge Contractual Cap Assumptions: In the context of a conversion, payment to company equal to be lesser of Black-Scholes value or contractual cap Contractual cap equal to the conversion value (inclusive of make-whole adjustment) less the synthetic adjusted issue price (as defined in the side letters to the note hedges) In the context of investors exercising their put right, contractual cap assumed not to apply, and instead termination value is Black-Scholes value Synthetic adjusted issue price assumed to be measured as of closing date, as the weighted average of the values from the 3 side letters for issuance transactions (April 2023, Jan 2024, March 2024) Assumptions on operation of contractual terms in the note hedge and warrant transactions should be validated with legal counsel. Deal Price < $16.76 $17.00 $17.25 $17.50 $17.75 $18.00 $18.25 $18.50 $18.75 $19.00 $19.25 $19.50 $19.75 Assumed Investor Behavior Put Convert Convert Convert Convert Convert Convert Convert Convert Convert Convert Convert Convert Total Convertible ($MM) $354.3 $356.7 $359.0 $361.5 $364.1 $366.6 $369.1 $371.5 $373.9 $376.7 $379.4 $382.0 Assumed AIP as of 3/31/26 ($MM) $322.4 $322.4 $322.4 $322.4 $322.4 $322.4 $322.4 $322.4 $322.4 $322.4 $322.4 $322.4 Assumed Cap on Note Hedge Settlement ($MM) n/a $31.9 $34.3 $36.6 $39.1 $41.7 $44.3 $46.7 $49.2 $51.5 $54.3 $57.0 $59.6 Deal Price $20.00 $20.25 $20.50 $20.75 $21.00 $21.25 $21.50 $21.75 $22.00 $22.25 $22.50 $22.75 $23.00 Assumed Investor Behavior Convert Convert Convert Convert Convert Convert Convert Convert Convert Convert Convert Convert Convert Total Convertible ($MM) $384.6 $387.1 $389.9 $392.7 $395.5 $398.2 $400.9 $403.5 $406.5 $409.5 $412.4 $415.4 $418.2 Assumed AIP as of 3/31/26 ($MM) $322.4 $322.4 $322.4 $322.4 $322.4 $322.4 $322.4 $322.4 $322.4 $322.4 $322.4 $322.4 $322.4 Assumed Cap on Note Hedge Settlement ($MM) $62.2 $64.7 $67.5 $70.3 $73.1 $75.8 $78.5 $81.2 $84.1 $87.1 $90.1 $93.0 $95.9 This analysis is sensitive to input parameters and the valuation models used. Use of different models or input parameters could have materially different results. Confidential FOR DISCUSSION PURPOSES ONLY

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Illustrative Termination Values Assumptions: Note hedge termination values measured as of assumed closing date of March 31, 2026 Subject to contractual cap (if applicable) that applies as described on previous page Giving effect to June 2025 dividend adjustments prior to closing, with no additional dividend adjustments prior to closing 16.14M options, ~$21.80 note hedge strike as of December 31, 2025 closing and March 31, 2025 closing Warrant termination value measured as of assumed announcement date of August 31, 2025 Giving effect to June 2025 and hypothetical September dividend adjustment: 16.14M options, $36.89 warrant strike price Estimated termination values at a range of volatility levels as indicated on subsequent pages Valuation Model used is Bloomberg OV screen with: Trade date equal to valuation measurement dates indicated above Maturity of each set of options based on the midpoint expiry date 0% borrow cost European option setting Dividend yield equal to $0.90 / year ($0.225 quarterly dividend threshold in converts / options) divided by stock price used in scenario (e.g., 6% at $15.00) This analysis is sensitive to input parameters and the valuation models used.Use of different models or input parameters could have materially different results. Confidential FOR DISCUSSION PURPOSES ONLY

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Illustrative Termination (3/31/26 close) Deal Price $13.00 $13.25 $13.50 $13.75 $14.00 $14.25 $14.50 $14.75 $15.00 $15.25 Note Hedge Value ($MM) 40% volatility $10 $11 $12 $13 $14 $15 $17 $18 $19 $20 50% volatility $19 $20 $21 $23 $24 $26 $27 $29 $30 $32 60% volatility $29 $30 $32 $33 $35 $37 $39 $40 $42 $44 70% volatility $39 $40 $42 $44 $46 $48 $50 $52 $54 $56 Assumed Cap Assumed not applicable Warrant Value ($MM) 40% $5 $5 $5 $6 $6 $7 $7 $8 $9 $9 50% $12 $12 $13 $14 $15 $16 $17 $18 $19 $20 60% $21 $22 $23 $25 $26 $27 $28 $30 $31 $33 70% $32 $34 $35 $37 $38 $40 $42 $43 $45 $47 Net NH + W ($MM) 40% $6 $6 $7 $7 $8 $9 $9 $10 $10 $11 50% $7 $8 $8 $9 $9 $10 $11 $11 $12 $12 60% $7 $8 $8 $9 $9 $10 $10 $11 $11 $12 70% $7 $7 $7 $8 $8 $8 $9 $9 $9 $10 Net Convert, NH + W ($MM) 40% ($346) ($346) ($345) ($345) ($344) ($343) ($343) ($342) ($342) ($341) 50% ($345) ($344) ($344) ($343) ($343) ($342) ($341) ($341) ($340) ($340) 60% ($345) ($344) ($344) ($343) ($343) ($342) ($342) ($341) ($341) ($340) 70% ($345) ($345) ($345) ($344) ($344) ($344) ($343) ($343) ($343) ($342) Confidential FOR DISCUSSION PURPOSES ONLY

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Illustrative Termination (3/31/26 close) Deal Price $15.50 $15.75 $16.00 $16.25 $16.50 $16.75 $17.00 $17.25 $17.50 $17.75 Note Hedge Value ($MM) 40% volatility $22 $23 $24 $26 $27 $29 $31 $32 $34 $36 50% volatility $34 $35 $37 $39 $41 $42 $44 $46 $41 $50 60% volatility $46 $48 $50 $52 $54 $56 $58 $60 $62 $65 70% volatility $58 $61 $63 $65 $67 $70 $72 $74 $77 $79 Assumed Cap Assumed not applicable $32 $34 $37 $39 Warrant Value ($MM) 40% $10 $11 $11 $12 $13 $13 $14 $15 $16 $17 50% $21 $22 $23 $24 $25 $26 $28 $29 $30 $31 60% $34 $35 $37 $38 $40 $41 $43 $45 $46 $48 70% $48 $50 $52 $54 $56 $57 $59 $61 $63 $65 Net NH + W ($MM) 40% $12 $13 $13 $14 $15 $16 $16 $17 $18 $19 50% $13 $13 $14 $15 $15 $16 $4 $6 $7 $8 60% $12 $13 $13 $14 $14 $15 ($11) ($10) ($9) ($9) 70% $10 $11 $11 $11 $12 $12 ($27) ($27) ($26) ($26) Net Convert, NH + W ($MM) 40% ($340) ($339) ($339) ($338) ($337) ($336) ($338) ($339) ($341) ($343) 50% ($339) ($339) ($338) ($337) ($337) ($336) ($350) ($351) ($352) ($354) 60% ($340) ($339) ($339) ($338) ($338) ($337) ($365) ($367) ($368) ($370) 70% ($342) ($341) ($341) ($341) ($340) ($340) ($382) ($383) ($385) ($387) Confidential FOR DISCUSSION PURPOSES ONLY

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Illustrative Termination (3/31/26 close) Deal Price $18.00 $18.25 $18.50 $18.75 $19.00 $19.25 $19.50 $19.75 $20.00 $20.25 Note Hedge Value ($MM) 40% volatility $38 $39 $41 $43 $45 $47 $49 $51 $53 $56 50% volatility $52 $54 $56 $59 $61 $63 $65 $67 $70 $72 60% volatility $67 $69 $71 $74 $76 $78 $81 $83 $86 $88 70% volatility $81 $84 $86 $89 $91 $94 $96 $99 $101 $104 Assumed Cap $42 $44 $47 $49 $52 $54 $57 $60 $62 $65 Warrant Value ($MM) 40% $18 $19 $20 $21 $22 $23 $24 $25 $26 $27 50% $33 $34 $35 $37 $38 $40 $41 $43 $44 $46 60% $49 $51 $53 $55 $56 $58 $60 $62 $64 $66 70% $67 $69 $71 $73 $75 $77 $79 $81 $83 $86 Net NH + W ($MM) 40% $20 $21 $22 $23 $24 $24 $25 $26 $27 $28 50% $9 $10 $11 $12 $13 $15 $16 $17 $18 $19 60% ($8) ($7) ($6) ($5) ($5) ($4) ($3) ($2) ($1) ($1) 70% ($25) ($25) ($24) ($24) ($23) ($23) ($22) ($22) ($21) ($21) Net Convert, NH + W ($MM) 40% ($344) ($346) ($348) ($349) ($350) ($352) ($354) ($356) ($357) ($359) 50% ($355) ($356) ($358) ($359) ($361) ($362) ($363) ($365) ($366) ($368) 60% ($372) ($373) ($375) ($377) ($379) ($380) ($382) ($384) ($386) ($388) 70% ($389) ($391) ($393) ($395) ($397) ($399) ($401) ($404) ($406) ($408) Confidential FOR DISCUSSION PURPOSES ONLY

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Illustrative Termination (3/31/26 close) Deal Price $20.50 $20.75 $21.00 $21.25 $21.50 $21.75 $22.00 $22.25 $22.50 $22.75 $23.00 Note Hedge Value ($MM) 40% volatility $58 $60 $62 $65 $67 $69 $72 $74 $77 $79 $82 50% volatility $74 $77 $79 $82 $84 $87 $89 $92 $94 $97 $100 60% volatility $91 $93 $96 $98 $101 $104 $106 $109 $112 $114 $117 70% volatility $107 $109 $112 $115 $117 $120 $123 $126 $128 $131 $134 Assumed Cap $67 $70 $73 $76 $79 $81 $84 $87 $90 $93 $96 Warrant Value ($MM) 40% $28 $30 $31 $32 $33 $35 $36 $37 $39 $40 $42 50% $47 $49 $50 $52 $54 $55 $57 $59 $61 $62 $74 60% $67 $69 $71 $73 $75 $77 $79 $81 $83 $85 $87 70% $88 $90 $92 $94 $97 $99 $101 $103 $106 $108 $110 Net NH + W ($MM) 40% $29 $31 $31 $33 $34 $35 $36 $37 $38 $39 $40 50% $20 $22 $23 $24 $25 $26 $27 $28 $29 $31 $22 60% $0 $1 $2 $3 $3 $4 $5 $6 $7 $8 $9 70% ($20) ($20) ($19) ($18) ($18) ($18) ($17) ($16) ($16) ($15) ($14) Net Convert, NH + W ($MM) 40% ($360) ($362) ($364) ($366) ($367) ($369) ($371) ($373) ($375) ($376) ($378) 50% ($370) ($371) ($373) ($374) ($376) ($378) ($380) ($381) ($383) ($385) ($396) 60% ($390) ($392) ($394) ($395) ($397) ($399) ($401) ($404) ($406) ($408) ($410) 70% ($410) ($412) ($414) ($417) ($419) ($421) ($423) ($426) ($428) ($430) ($432) Confidential FOR DISCUSSION PURPOSES ONLY

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Selected Volatility Data as of 8/8/25 Confidential FOR DISCUSSION PURPOSES ONLY

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Selected Volatility Data as of 8/8/25 Confidential FOR DISCUSSION PURPOSES ONLY

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

 **Calculation of Filing Fee Tables** <br>

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| | | | | |
|:---|:---|:---|:---|:---|
| | | **Transaction Valuation**  | **Fee Rate**  | **Amount of Filing Fee**  |
| Fees to be Paid | 1 | $510599993.37 | 0.0001381 | $70513.86 |
| Fees Previously Paid |  |  |  |  |
|  | Total Transaction Valuation: | $510599993.37  |  |  |
|  | Total Fees Due for Filing: |  |  | $70513.86  |
|  | Total Fees Previously Paid:  |  |  | $0.00  |
|  | Total Fee Offsets:  |  |  | $70513.86  |
|  | Net Fee Due:  |  |  | $0.00  |

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 **Offering Note** <br>

<sup>1</sup> Aggregate number of securities to which transaction applies: As of August 29, 2025, the maximum number of shares of GUESS?, Inc.'s common stock, no par value per share (the "Guess Common Stock"), to which this transaction applies is estimated to be 30,604,854, which consists of (1) 26,109,924 shares of Guess Common Stock entitled to receive the per share merger consideration of $16.75 (which excludes any Excluded Shares, as defined in the Merger Agreement); (2) 1,020,352 shares of Guess Common Stock underlying outstanding and unexercised stock options to purchase shares of Guess Common Stock, which have an exercise price per share that is less than $16.75 (such options, the "In-the-Money Options"); (3) 1,564,150 shares of Guess Common Stock underlying outstanding time-based restricted stock units, which may be entitled to receive the per share merger consideration of $16.75; (4) 681,990 shares of Guess Common Stock underlying outstanding restricted stock awards, which may be entitled to receive the per share merger consideration of $16.75; and (5) 1,590,843 shares of Guess Common Stock underlying outstanding performance-based restricted stock units, which may be entitled to receive the per share merger consideration of $16.75 (assuming maximum performance levels under the awards are achieved). The underlying value of the transaction, as computed pursuant to Exchange Act Rule 0-11 and estimated solely for purposes of calculating the filing fee, as of August 29, 2025, was calculated based on the sum of (1) the product of 26,109,924 shares of Guess Common Stock and the per share merger consideration of $16.75; (2) the product of 1,020,352 shares of Guess Common Stock underlying the In-the-Money Options and $8.81 (which is the difference between the per share merger consideration of $16.75 and the weighted average exercise price of the In-the-Money Options of $7.94); (3) the product of 1,564,150 shares of Guess Common Stock underlying outstanding time-based restricted stock units and the per share merger consideration of $16.75; (4) the product of 681,990 shares of Guess Common Stock underlying outstanding shares of restricted stock and the per share merger consideration of $16.75; and (5) 1,590,843 shares of Guess Common Stock underlying outstanding performance-based restricted stock units (assuming maximum performance levels under the awards are achieved) and the per share merger consideration of $16.75. In accordance with Section 14(g) of the Securities Exchange Act of 1934, as amended, the filing fee was determined by multiplying the sum calculated in the preceding sentence by 0.00013810.

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | Registrant or Filer Name | Form or Filing Type | File Number | Initial Filing Date | Filing Date | Fee Offset Claimed | Fee Paid with Fee Offset Source |
| Fee Offset Claims | 1 |  | Schedule 14A | 001-11893 | 10/03/2025 |  | $70513.86 |  |
| Fee Offset Sources | 2 | GUESS?, Inc | Schedule 14A | 001-11893 |  | 10/03/2025 |  | $70513.86 |

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 **Explanation of the basis for claimed offset:** <br>

<sup>1</sup> GUESS?, Inc. previously paid $70,513.86 upon the filing of its Schedule 14A on October 3, 2025 in connection with the transaction reported hereby.

 **Offset Note** <br>

<sup>2</sup> GUESS?, Inc. previously paid $70,513.86 upon the filing of its Schedule 14A on October 3, 2025 in connection with the transaction reported hereby.