GUESS INC: Appeal over Assessment of Italian Unit Still Pending

Guess? Inc. disclosed in its latest Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission that plans to appeal the unfavorable aspects of the judgment on the Officers of the Florence Customs Authorities’ preliminary assessment, which…

GUESS INC: Bid in Ruling on Assessment on Italian Unit Pending

Guess? Inc.’s plan to appeal the unfavorable aspects of the judgment on the Officers of the Florence Customs Authorities’ preliminary assessment, which subjects the royalty expenses of the Company’s subsidiary, Maco Apparel S.p.A., to customs duties and related penalties, is…