Guess Co-Founder Paul Marciano to Go away Firm Subsequent 12 months Following Misconduct Allegations

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Guess? Inc. co-founder Paul Marciano has resigned as govt chairman and can go away the corporate subsequent 12 months after an inside investigation decided he exercised “poor judgment” in some conditions involving fashions and photographers.

The corporate and Mr. Marciano, who hasn’t admitted wrongdoing, have reached settlements with 5 folks totaling $500,000 to resolve claims of allegations of inappropriate conduct from the Guess govt, a securities submitting by the corporate mentioned Tuesday.

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