June 9, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Guess?, Inc. (NYSE:GES) shares over potential securities laws violations by Guess?, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Guess?, Inc. (NYSE:GES) concerning whether a series of statements by Guess?, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On June 6, 2017, the European Commission (EC) announced that it has opened a formal antitrust investigation into the distribution agreements and practices of Guess?, Inc.. The EC stated that it will examine whether Guess?, Inc. illegally restricts retailers from selling cross-border to consumers within the EU Single Market. Commissioner Margrethe Vestager, in charge of competition policy stated that [t]he Commission has information indicating that Guess, in its distribution agreements, may ban cross-border sales to consumers. The Commission will investigate information indicating that Guess distribution agreements may restrict authorized retailers from selling online to consumers or to retailers in other EU Member States. They may also restrict wholesalers from selling to retailers in other EU Member States.