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Guess's Paul Marciano Steps Down Amid Kate Upton Allegations

Paul Marciano gives up daily duties as Guess probes Kate Upton's sexual harassment allegations The Guess co-founder stepped down Tuesday, relinquishing his day-to-day responsibilities in the process. I have pledged my full cooperation to the Company, and I have the utmost confidence in our CEO, Victor Herrero, to continue leading the Company during this time. The departure comes after sexual harassment claims from supermodel Kate Upton, in which she says he groped her and called her "disgusting," among other vile things. The Company takes very seriously any allegations of sexual misconduct, is committed to maintaining a safe work environment, and looks forward to the completion of a thorough investigation of all the facts According to Guess, Marciano's future with the company will be determined when the investigation is completed. Guess shares were down 4 percent on Tuesday.

Source: Inform News

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