June 13 () — Guess co-founder Paul Marciano has resigned as chairman of the clothes firm’s board after weeks of investigation into sexual harassment accusations in opposition to him.
In a submitting by the U.S. Securities and Alternate Fee Tuesday, Guess mentioned the claims in opposition to Marciano embody inappropriate feedback and textual content messages and undesirable sexual advances.
An inner firm investigation declared Marciano “exercised poor judgment in his communications with fashions and photographers and in putting himself in conditions through which believable allegations of improper conduct might, and did, come up.”
Marciano, 66, resigned instantly because the board’s government chairman and can go away the corporate altogether when his contract expires on the finish of January, firm officers mentioned. Marciano’s older brother Maurice was named the brand new government chairman.
Guess and Marciano have paid out $500,000 to 5 individuals to settle accusations. He stepped away from Guess’ day by day operations when the investigation started in February.
Guess mentioned Wednesday lots of the harassment claims couldn’t be corroborated.
Plaintiffs lawyer Lisa Bloom tweeted the long-lasting clothier has disgraced himself.
“Delighted today has arrived,” she wrote.
Certainly one of Marciano’s accusers, mannequin Kate Upton, mentioned he used his energy within the business to “sexually and emotionally harass girls.”
“Paul got here straight as much as me, forcibly grabbed my breasts and began feeling them — taking part in with them really,” Upton informed Time journal in February. “After I pushed him away, he mentioned, ‘I am ensuring they’re actual.'”