LOS ANGELES--(BUSINESS WIRE)--Nov. 27, 2002--Guess?, Inc. (NYSE: GES) announced today that Anthony Chidoni has been appointed to the Company's Board of Directors. Mr. Chidoni is the Managing Director of Private Client Business in the Los Angeles office of investment bank Credit Suisse First Boston where, including predecessor Donaldson Lufkin & Jenrette, he has served in various positions for 21 years.

Mr. Chidoni has also been elected to the Audit and Compensation Committees of the Company's Board of Directors, and will serve as the Chairman of the Audit Committee. He replaces Robert Davis, who has retired from the Board of Directors after having served in this capacity since 1997.

"We are delighted that Anthony Chidoni has joined Guess' Board of Directors," said Maurice Marciano, Co-Chief Executive Officer and Co-Chairman. "Anthony's strong background in financial, business and strategic issues will be particularly valuable to the Board, and he will bring added financial expertise to our Audit Committee, consistent with our long-standing commitment to having an Audit Committee with significant financial experience and independence. We thank Bob for the leadership and insights he has provided over the last five years on our Board, and we all wish him well in his future pursuits."

Guess?, Inc. designs, markets, distributes and licenses one of the world's leading lifestyle collections of contemporary apparel, accessories and related consumer products.

Except for historical information contained herein, certain matters discussed in this press release including but not limited to the Company's expected results of operations and plans to reduce costs and estimated charges, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are only expectations, and involve known and unknown risks and uncertainties, which may cause actual results in future periods and other future events to differ materially from what is currently anticipated. Factors which may cause actual results in future periods to differ from current expectations include, among other things, the continued availability of sufficient working capital, the successful integration of new stores into existing operations, the continued desirability and customer acceptance of existing and future product lines, possible cancellations of wholesale orders, the success of competitive products and the availability of adequate sources of capital. In addition to these factors, the economic and other factors identified in the Company's most recent annual report on Form 10-K for the fiscal year ended December 31, 2001, including but not limited to the risk factors discussed therein, could affect the forward-looking statements contained herein and in the Company's other public documents.

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