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Guess Corp. Over Before It Begins?

Want-to-be retailer runs into legal issues in North Carolina

RALEIGH, N.C. -- The state of North Carolina has dissolved the Guess Corp., a business that set its sights on becoming a force in the convenience-store industry with an aggressive store-development plan and a secondary chain of "ultra-luxury" c-stores.

"The Guess Corporation has been administratively dissolved ... for failure to file required annual reports on or before the date due," North Carolina Secretary of State Elaine Marshall wrote in a certificate dated Sept. 22.

The Guess Corp., Raleigh, N.C., claims to be in many business, including diamonds, yacht sales, construction and hospitality. In the past three months, the company has said it:

The Guess Corp. has the option of requesting reinstatement in North Carolina, and some of its secondary arms—The Guess Bread Co., Guess Constriction Co., Guess Development Co. and Guess Petroleum, among them—have retained their corporation status.

CSP questions the legitimacy of the Guess Corp. and offers the caveat that little is known about it.

CSP Daily News has been studying the Guess Corp. since its first press release came out in July. Watch for a complete report in coming days on CSPDailyNews.com.

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