F J Benjamin to End Retail Agreement with Guess; Shares Down 8%

MT Newswires

Sep 05

F J Benjamin (SGX:F10), through F J Benjamin (Singapore), and Guess Europe, decided to end the retail and distribution of Guess products in Malaysia and Indonesia by the end of 2025, according to a Friday filing with the Singapore Exchange.

The company's Malaysian subsidiary, F J Benjamin, and associated company, Gilang Agung Persada, manage the retail and distribution of Guess products.

The company expects a significant impact on its portfolio following the end of the relationship with Guess.

Shares of the luxury and retail company were down nearly 8% in Friday trading.

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