NEW YORK — Shares of Guess Inc. skyrocketed on Friday after co-chief executive officer Paul Marciano fractionally increased his stake in the Los Angeles-based lifestyle brand.
According to a filing with the Securities and Exchange Commission, Marciano acquired 200,000 shares of Guess common stock for $800,000, or $4 a share. That increased his stake in the firm to 13.2 million shares, or 30.6 percent of the shares outstanding. Previously, he held 13 million shares, or 30.1 percent.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"