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.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus