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

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

Guess, Paul Marciano Agree to $500,000 in Payouts on Misconduct Claims
June 13
00:26 2018
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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 matters to court.
The news ends a flurry of allegations that were triggered against the Guess cofounder, who is credited with creating the **** image of the Guess Girl synonymous with the brand still today.
The swirl of claims lodged against Marciano began in February initially with model Kate Upton, who took to social media first hinting at alleged misconduct. She went public not long after to outline the specifics of her allegations, which stemmed from a July 2010 photo shoot. Upton’s comments sparked additional claims from other models, one of which included similar allegations against Mohamed Hadid, the father of Gigi and Bella Hadid. Both men have firmly denied the

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