Guess co-founder resigns amid sexual harassment claims

Paul Marciano has resigned as executive chairman of Guess Inc. after an investigation into claims of sexual assault and harassment.

Five women who accused Marciano of harassment will share a settlement of $500,000, according to a filing Los Angeles-based Guess (NYSE: GES) made with the Securities and Exchange Commission. The settlements were "non-confidential," and Guess did not admit to any wrongdoing, according to the document.

Marciano, the co-founder of the clothing brand, will be replaced…...

3 Published By - San Francisco Business Times - Media & Marketing News - 2018.06.14. 16:48
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