|Company Name||Guess?, Inc.|
On June 6, 2017, the European Commission (“The Commission") disclosed that it has initiated a formal antitrust investigation concerning, among other things, the distribution agreements and practices of Guess. According to the Commission, “Guess, in its distribution agreements, may ban cross-border sales to consumers”. The Commission has announced plans to look into whether Guess’ distribution agreements may in fact preclude legitimate distributors from selling cross-border to EU Single Market consumers.
On this news, shares of Guess’ have fallen over 6% during intraday trading on June 6, 2017.
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