GUESS UPS NANTUCKET STAKE

NEW YORK — Guess Inc. has acquired 30,000 more shares in Nantucket Industries, raising its stake to 21.5 percent from 20.5 percent.
Guess, which now holds 640,000 shares, paid $5.87 to $6 each – about $180,000 – on Nov. 3 for its recent purchase, according to a filing with the Securities and Exchange Commission. Guess acquired most of its stake in Nantucket on Aug. 23, when it purchased 490,000 shares in a private transaction for $2.94 million Nantucket manufactures men’s and women’s underwear under the Guess label, as well as men’s underwear under the Brut, Brittania and Arrow brands.

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