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Guess Income Rises, But Bottom Line Hit by Tax Reform in Q4

Rivet's 2020 Denim Circularity report takes a deep dive into how the global denim industry is plotting its circular future amidst a worldwide pandemic.

Guess Inc. saw its profitability negatively impacted by the tax reform passed at the end of the year, even as it posted strong sales gains, particularly in Europe and Asia. In a Nutshell: Guess Inc. posted solid increases in fourth quarter and full-year net income, with gains in Europe, Asia and wholesale offsetting declines in…

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