Paul Marciano resigns from position at GUESS Inc due to misconduct allegations

Screenshot: The Economic Times Paul Marciano steps down as executive chairman at GUESS Inc due to misconduct allegations.

The co-founder of GUESS Inc has resigned from his position Tuesday after an investigation was launched in response to misconduct allegations.

Marciano was the executive chairman of the American clothing brand which holds a net worth upwards of $2.2 billion.

This situation unfolded after model and entrepreneur Kate Upton publicized a tweet accusing the Marciano of abusing his power to harass women. This is yet another man epode on the shoulders of  the #METOO movement which has opted to expose men in positions of power who are alleged to sexually harass women.

In a public statement, GUESS Inc. claims none of the accusations alluding to inappropriate texts, advances, and comments could be proven. However, the investigation concluded Marciano has been making poor choices in the way he approached models and photographers.

Paul Marciano’s brother, Maurice Marciano, has since been appointed as the executive chairman. Although Paul has been excused from his duty as an executive he will remain on the board.

Leave a Reply

In the news
Load More

%d bloggers like this: