LOS ANGELES, Aug 06, 2003 /PRNewswire-FirstCall via Comtex/ -- Guess?, Inc. (NYSE: GES) today announced that Howard Socol has resigned as a Director of the Company. Mr. Socol has served on the Company's Board of Directors since 1999 and is currently Chairman, Chief Executive Officer, and President of Barneys New York, Inc.
Maurice Marciano, Co-Chairman and Co-Chief Executive Officer, commented, "We appreciate Howard's valuable contributions to our Board and our Company over the past few years. We wish him all the best in his future endeavors and thank him greatly for his service."
The Company has initiated a search to identify a successor to Mr. Socol who will serve as an additional independent director.
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 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 (including licensed 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, 2002 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.
For further information please contact Carlos Alberini, President & Chief Operating Officer, +1-213-765-3582, or Frederick G. Silny, SVP & Chief Financial Officer, +1-213-765-3289, both of Guess?, Inc.; or Wendi Kopsick or Molly Morse of Kekst and Company, +1-212-521-4800, for Guess?, Inc.
SOURCE Guess?, Inc.
Carlos Alberini, President & Chief Operating Officer, +1-213-765-3582, or Frederick G. Silny, SVP & Chief Financial Officer, +1-213-765-3289, both of Guess?, Inc.; or Wendi Kopsick or Molly Morse of Kekst and Company, +1-212-521-4800, for Guess?, Inc.
http://www.prnewswire.com