Singapore – FJ Benjamin Holdings Ltd announced that it will cease distributing Guess products in Malaysia and Indonesia by 31 December 2025, following a mutual agreement with Guess Europe Sagl to end their partnership.
The business is currently managed through FJ Benjamin’s subsidiaries in the two markets — FJ Benjamin (M) Sdn. Bhd. in Malaysia and PT Gilang Agung Persada in Indonesia. Both companies will enter into sale and purchase agreements with a new distributor for the respective territories.
In a stock disclosure to SGX, FJ Benjamin said the exit is expected to have a material financial impact on the Group, given the significance of Guess within its brand portfolio.
“The Board wishes to thank Guess for its long partnership and will work together with the new distributor to ensure a seamless transition of the Guess business,” the company said in its filing.
The Group noted that it will provide further updates should there be any material developments.
FJ Benjamin Holdings Ltd, founded in 1959 and headquartered in Singapore, is a fashion and lifestyle company engaged in brand management, retail, and distribution across Southeast Asia. The company has built a portfolio of international fashion and lifestyle labels, covering categories such as luxury, mid-tier fashion, timepieces, and lifestyle products. Its operations span Singapore, Malaysia, and Indonesia.
Over the years, FJ Benjamin has managed brands including Guess, Marc Jacobs, Rebecca Minkoff, La Senza, Pretty Ballerinas, and watch labels like Bell & Ross and Victorinox. The Group’s strategy combines direct retail operations with distribution partnerships across the region.
