EXHIBIT 23.1 LIST OF SUBSIDIARIES - ------------------------------------------------------------------------------- Caption] INVESTMENT IN LOCATION OWNED BY PERCENT OF OWENERSHIP - ---------------------- ------------- ---------------- --------------------- Guess? Retail, Inc. United States Guess ?, Inc. 100% Guess? Licensing, Inc. United States Guess ?, Inc. 100% Guess? Europe, BV Netherlands Guess ?, Inc. 100% Guess? Asia Hong Kong Guess? Europe, BV 100% Ranche Ltd. Hong Kong Guess? Europe, BV 100% 26