• Guess, Paul Marciano Agree to $500,000 in Payouts on Misconduct Claims

    11 days ago - By WWD

    An investigation into alleged misconduct against Guess Inc. cofounder and chief creative officer Paul Marciano has reached a close - the longtime fashion executive stepped down Monday as the firm's executive chairman and the firm will pay out $500,000 in settlement agreements.
    The agreements, which are not confidential, would resolve claims of inappropriate conduct against Marciano made by five people. The company offered in its filing with the Securities and Exchange Commission Tuesday that the settlements do not admit liability or fault and were done to avoid the cost of taking the...
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  • Guess Honcho Paul Marciano Resigns After $500k Settlements

    11 days ago - By TMZ

    Paul Marciano is stepping down as executive chairman at Guess after his company forked over $500,000 to 5 people who accused him of sexual harassment. According to documents filed by Guess, Marciano resigned on Monday... although the company will...
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