The Guess Corporation Launching Members Only Exclusive Department Stores

Share Article

The Guess Corporation Launching The Guess Private Merchant Company To Be For Members With Minimum Net Worth of $250 Million

The Guess Corporation

We are delighted to provide another offering for the ultra-affluent consumer as we continue developing ventures that will meet their demands.

The Guess Corporation is pleased to announce that a subsidiary, The Guess Private Merchant Company, Ltd. is planning to launch private membership department stores with exclusive merchandise and specialized service around the globe. There will be 40 departments stores launched over the next four years. The initial cities for planned locations are as follows: New York, Beverly Hills, Dallas, Chicago, Miami, Atlanta, Dubai, Mumbai, Hong Kong, London and Moscow. The Guess Private Merchant Company stores will be a glass building consisting of seven floors with a fine dining restaurant, sushi bar, coffee bar, full-service unisex salon and spa, medical clinic including dental and cosmetic services, private suites for dressing and/or overnight stays with room service, meeting rooms with secure video-conferencing, business center, theater room, photography studio, private dining rooms, fitness center, swimming pool, ballroom, secure vault room with safety deposit boxes and an on-site private bank (through licensed banking provider). Each floor will feature merchandise suites with specialists. There will be merchandise suites for suits, dresses, lingerie, shoes, accessories, jewelry, watches, diamonds, sportswear, outerwear, athletics, cosmetics and home furnishings. Merchandise will be provided for men, women and children. To be eligible for membership, an individual must possess a minimum household net worth of $250 million. If approved by a membership committee, the individual will be required to pay an annual membership fee and will be issued a platinum plated membership card with full charging privileges and global access. Members of The Guess Private Merchant Company will automatically be granted access to related membership companies such as The Guess Corporation's GP Club, the planned ultra-luxury gas and convenience store chain. All members of The Guess Private Merchant Company will be required to spend a minimum amount each year in order to maintain their membership. Membership will be limited to 10,000 individuals around the globe. "We are delighted to provide another offering for the ultra-affluent consumer as we continue developing ventures that will meet their demands", the company stated. Scott+Cormia, the company's architect provided the design and will oversee construction management. Newmark Grubb Knight Frank, the company's real estate broker, will handle site selection.

Upon arrival to The Guess Private Merchant Company, members will be greeted by a managing director who is accompanied by a concierge that will remain with the member during their entire visit to manage their overall experience. The store will be staffed with maids and butlers who will provide refreshments and beverages including wine and hors d'ouevre to members. There will also be on-site nannies and a childcare/nursery for members with younger children. All merchandise offered will be custom for members through special arrangements with luxury designers and items that are not offered anywhere else. The Guess Private Merchant Company plans to arrange for representatives of major luxury designers to have an on-site presence to allow greater access to senior design expertise for the benefit of members. The company will offer many specialized services including bridal design for custom wedding dresses and tuxedos. Members wishing to shop for more than one day will have the option of staying overnight in a private suite with full room service and enjoying amenities listed above. With the exception of merchandise that a member may wear upon departing a store such as a suit or a dress, all other purchases will require delivery to the member's residence by a private delivery team. Items will be delivered same day in platinum plated trunk containers by an elite white glove specialized team. All staff throughout the store will be required to wear white gloves and must not allow members to carry any merchandise -- it will be required that staff wait on members, cater to their needs and handle all merchandise for them. In addition to selling merchandise, The Guess Private Merchant Company will host exclusive private events such as concerts and other performances for the members as another way to enhance their membership experience.

About The Guess Corporation

The Guess Corporation is a conglomerate based in Durham, North Carolina which began as a trader of diamonds and expanded into over 20 business areas since 2012. The company's projected revenue for 2016 is $250 Million and its asset base currently exceeds $100 Million.

About Scott+Cormia

Scott+Cormia is an Orlando, Florida based architecture and interior design firm that was founded by Ray Scott and Matt Cormia. The firm has an extensive design portfolio and has handled domestic and international projects for its clients. As a full-service firm, Scott Cormia provides complete project management including initial site planning and overseeing construction.

About Newmark Grubb Knight Frank

Newmark Grubb Knight Frank is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF's 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Corporate Affairs
The Guess Corporation
+1 9195848909 Ext: 100
Email >
Visit website