Guess co-founder Marciano steps down amid sex harassment claims
The Wager Inc. fashions are vindicated.
Paul Marciano, the co-founder and govt chairman of the 37-year-old attire emblem, is stepping down, the corporate mentioned Tuesday — four months after model Kate Upton and others accused him of sexual harassment.
A four-month probe by way of an impartial board committee discovered that Marciano “exercised deficient judgment in his communications with fashions and photographers and in striking himself in eventualities wherein believable allegations of flawed behavior may, and did, stand up.”
The allegations incorporated “irrelevant feedback and texts and undesirable advances together with kissing and groping,” the corporate mentioned.
Marciano will stay at the board till Jan. 30. His brother, Maurice, used to be appointed chairman.
On Jan. 31, Upton, a former Wager fashion, mentioned that Paul Marciano verbally burdened and touched her inappropriately beginning when she used to be 18. He denied the allegations however, two weeks once they had been leveled, Marciano stepped down from his daily tasks.
To steer clear of litigation, Wager and Marciano settled claims with 5 individuals who claimed they had been matter to his irrelevant habits — paying every $500,000.