Guess co-founder steps aside amid Kate Upton allegations

Guess co-founder Paul Marciano has stepped down from the company amid accusations that he once groped supermodel Kate...

Posted: Feb. 20, 2018 6:56 PM
Updated: Feb. 20, 2018 6:56 PM

Guess co-founder Paul Marciano has stepped down from the company amid accusations that he once groped supermodel Kate Upton.

Scroll for more content...

Marciano has agreed to "relinquish his day to day responsibilities at the company, on an unpaid basis," as the allegations are being investigated, Guess said in a press release on Tuesday.

"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," Marciano said in the press release.

The company said in the release that Marciano has denied the accusation.

Marciano is the chief creative officer and a board member who co-founded Guess in 1981.

The share price for Guess dropped about 4% on Tuesday.

The stock price has dropped more than 20% since Upton posted a tweet on January 31 with the #metoo hashtag often used by victims of sexual harassment.

"It's disappointing that such an iconic women's brand @Guess is still empowering Paul Marciano as their creative director #metoo," she tweeted.

Related: Kate Upton accuses, Paul Marciano denies

Upton followed up the tweet with a Time magazine interview, published online on February 7, in which she said that Marciano groped her after a photo shoot in 2010.

"Paul came straight up to me, forcibly grabbed my breasts and started feeling them -- playing with them actually.," she told the magazine. "After I pushed him away, he said. 'I'm making sure they're real.'"

Marciano has told CNN, "These accusations are absolutely false."

Guess said the board of directors formed a special committee on February 7 to investigate "recent allegations of improper conduct" by Marciano.

Neither Marciano nor Upton was immediately available for comment.

Related Content

Article Comments

West Lafayette
Overcast
70° wxIcon
Hi: 73° Lo: 63°
Feels Like: 70°
Kokomo
Overcast
69° wxIcon
Hi: 72° Lo: 64°
Feels Like: 69°
Rensselaer
Overcast
68° wxIcon
Hi: 70° Lo: 63°
Feels Like: 68°
Fowler
Overcast
70° wxIcon
Hi: 73° Lo: 63°
Feels Like: 70°
Williamsport
Overcast
70° wxIcon
Hi: 77° Lo: 63°
Feels Like: 70°
Crawfordsville
Overcast
68° wxIcon
Hi: 76° Lo: 64°
Feels Like: 68°
Frankfort
Overcast
71° wxIcon
Hi: 74° Lo: 63°
Feels Like: 71°
Delphi
Overcast
68° wxIcon
Hi: 72° Lo: 63°
Feels Like: 68°
Monticello
Overcast
68° wxIcon
Hi: 70° Lo: 63°
Feels Like: 68°
Logansport
Overcast
68° wxIcon
Hi: 69° Lo: 62°
Feels Like: 68°
Cooler, But Still Muggy with More Periods of Showers/T'Storms Ahead
WLFI Radar
WLFI Temps
WLFI Planner

Community Events