Co-Founder of Guess Paul Marciano Resigns After #MeToo Allegations
Reuters is reporting that Guess’ co-founder, Paul Marciano has resigned as the company’s executive chairman after a committee completed their investigation into allegations of improper conduct.
Although there has been a history of alleged improper behaviour, the catalyst behind Mr Marciano’s departure was famous model/ actress Kate Upton who tweeted that Marciano used his power to harass women. After the allegations from Upton in February Marciano took a step down from his day to day responsibilities.
Although Marciano stepped down, Reuters reports that the investigative committee concluded that the allegations which included inappropriate texts and comments could not be corroborated. The committee did conclude that in certain situations Marciano used poor judgement in communicating with models and photographers.
Guess did pay out $500,000 in non-confidential settlement agreements to 5 individuals who made claims against Marciano.
Guess appointed Paul Marciano’s brother, Maurice Marciano as current chairman of the board.