EXHIBIT 6

                            STOCK PURCHASE AGREEMENT

     This Stock Purchase Agreement (the "Agreement") is made and entered into as
of March 14, 2003 by and between the Armand  Marciano  Trust dated  February 20,
1986 ("Seller") and the Maurice Marciano Trust (1995  Restatement)("Buyer").  In
consideration  of the mutual  covenants and  agreements  contained  herein,  the
parties agree as follows:

1. Purchase and Sale. Seller hereby sells One Million (1,000,000) shares of the
Common  Stock of Guess ?,  Inc.  (the  "Shares")  to  Buyer,  and  Buyer  hereby
purchases the Shares from Seller,  in exchange for the  cancellation by Buyer of
Seller's Four Million Dollar  ($4,000,000) debt to Buyer.  Seller is irrevocably
instructing Merrill Lynch to submit certificate(s) for transfer of the Shares to
Buyer.

2. Representation and Warranties.

     2.1 Binding  Agreement.  Each party  represents  and warrants that (i) this
Agreement  has been duly  executed  and  delivered  by that party;  and (ii) the
Agreement  constitutes  the legal,  valid and binding  obligation of that party,
enforceable  against  that party in  accordance  with its  terms;  and (iii) the
execution,  delivery  and  performance  of this  Agreement  will not  breach  or
constitute  grounds for the  occurrence  or  declaration  of a default  under or
termination of any agreement, indenture,  undertaking, permit, license, or other
instrument  to  which  that  party  is a  party  or by  which  it or  any of its
properties may be bound or affected.

     2.2 Ownership.  Seller  represents that he is transferring  the Shares free
and  clear of any  security  interest,  claim,  lien,  charge,  mortgage,  deed,
assignment, pledge, hypothecation,  encumbrance, easement, or restriction of any
kind or nature, except those imposed by applicable securities laws.

     2.3 Brokers.  Neither party has employed any broker or finder in connection
with the  Agreement  and neither  party shall have any  liability  or  otherwise
suffer or incur any loss as a result of or in  connection  with any brokerage or
finder's fee or other  commission  of any person  retained by the other party in
connection  with  this  Agreement.

     2.4 Stock Representations. Buyer hereby represents and warrants that:

          2.4.1  Investment.  The Shares are being  acquired for  investment for
     Buyer's own account,  not as a nominee or agent, and not with a view to the
     sale or  distribution  of all or any part thereof.  Buyer has the requisite
     knowledge  and  experience  to assess  the  relative  merits and risks of a
     purchase of the Shares.

          2.4.2 Not Registered.  Buyer  understands  that the Shares are neither
     (a) registered under the Securities Act of 1933 nor (b) qualified under any
     state  securities  laws,  and the  Shares  may  not be  sold  or  otherwise
     transferred  except pursuant to an effective  registration  statement or an
     exemption from  applicable  registration  and  qualification  requirements.
     Buyer  understands that each certificate for the Shares shall bear a legend
     relating to that effect.

3.   Miscellaneous.   This  Agreement  sets  forth  the  entire   agreement  and
understanding  of the parties  hereto in respect to the purchase  and sale,  and
supersedes all prior agreements, arrangements and understandings relating to the
subject  matter  hereof and is not  intended to confer upon any other person any
rights or remedies hereunder.  There have been no representations or statements,
oral or written,  that have been  relied on by any party  hereto,  except  those
expressly  set  forth in this  Agreement.  This  Agreement  may not be  amended,
altered or modified  except by a writing  signed by the parties.  This Agreement
may be executed  simultaneously in two or more counterparts,  each of which will
be deemed an original,  but all of which  together will  constitute  one and the
same  instrument.

     IN WITNESS  WHEREOF,  the parties  hereto have caused this  Agreement to be
duly executed as of the day and year first above written.

                                 Armand Marciano Trust dated February 20, 1986

                                    /s/ ARMAND MARCIANO
                                 By -------------------------------------------
                                           Armand Marciano, trustee

                                 Maurice Marciano Trust (1995 Restatement)

                                    /s/ MAURICE MARCIANO
                                 By -------------------------------------------