Guess Inc. said Tuesday cofounder Paul Marciano will step away from the Los Angeles denim firm on an unpaid basis until the conclusion of an investigation into alleged misconduct.Guess’ board confirmed earlier this month it had created a two-person special committee to look over the investigation being conducted by O’Melveny & Myers LLP looking into allegations of sexual misconduct by Marciano that arose late last month.“I have pledged my full cooperation to the company, and I have the utmost confidence in our ceo, Victor Herrero, to continue leading the company during this time,” Marciano said in a statement.Guess named Herrero chief executive officer in 2015, ending an eight-year reign for Marciano, who stepped into the executive chairman and chief creative officer roles, focused more on the company’s marketing efforts and product. The executive change-up signified the first time a nonfounding member took the helm of the company.Posts on Twitter and Instagram by model Kate Upton on Jan. 31 set off the investigation, with Upton initially alluding to misconduct by Marciano.Upton later went to Time magazine on Feb. 7 to tell the fuller story behind her social media posts, alleging Marciano grabbed her breasts and continued to inappropriately touch her throughout the day of a July 2010 lingerie campaign shoot. Upton alleges Marciano continued to harass her before a second shoot, calling her hotel room and asking to come up to her room. The model said she ignored his calls and the next day was dismissed from her job. The same day as the Time report, Guess confirmed it had established its special committee to oversee the investigation into Marciano’s behavior.Marciano has consistently denied Upton's allegations.Guess, in its latest update, reiterated statements made previously, saying, “The company takes very seriously any allegations of sexual misconduct, is committed to maintaining a safe work environment and looks forward to the completion of a thorough investigation of all the facts.”Last week another model, Miranda Vee, went to the Los Angeles Police Department to file a report against Marciano and Mohamed Hadid, the father of models Gigi and Bella Hadid, with additional allegations of sexual harassment against both men.Shares of Guess were off 2 percent in early morning trading Tuesday to a market value of $1.3 billion. The firm’s shares are so far down 6 percent since the start of the year.
@beyonce chose a custom gown by @falgunishanepeacockindia for mother @mstinalawson 's second annual Wearable Art Gala last night. The gown, which took 10 days to make, was inspired by Nubian warrior queen Amanishakheto. Reporting by @hernameislex . #wwdeye 👑 🐝#beyonce
After dressing @justintimberlake for his Super Bowl halftime performance last month, @stellamccartney has designed the star’s "Man of the Woods" tour wardrobe. Timberlake will be wearing a mix of pieces from McCartney’s fall men's collection as well as custom designs and items from his own closet. #wwdfashion
@carmeloanthony is upping his fashion game once again, introducing a hat collection with @goorinbros. Called Fresh Greens by Melo x Goorin, the line consists of five unisex models, all of which are made in America from 100 percent wool. Each hat is lined with Anthony’s signature and the inscription “Knowledge of self, wisdom and understanding.” You can purchase the collection line at Goorin’s website as well as three off its stores in San Francisco, New York City and Las Vegas #wwdaccessories
“I am of tradition, but that doesn’t mean I have an old outlook on life,” Hubert de Givenchy told WWD in an interview in 1978. The legendary designer, who died last week at the age of 91, achieved wide success soon after launching his own couture boutique in the early ’50s, but he refused to pine for that time. For the first time since its original publication, read our interview with Givenchy on his awe for Audrey Hepburn and looking forward. Link in bio. #wwdarchives #fbf (📷: Pierre Schermann)
About last night: @alexachung and @supergausa toasted the launch of their capsule collection. “It’s the shape that I love, so rather than amend the last and make the sole crazy or do anything wild, we just did really subtle additions that I think make it look really luxe-y,” said Chung. #wwdfashion (📷: Marc Patrick)
Exclusive: @off____white’s @virgilabloh is launching an exclusive eyewear capsule collection @sunglasshut. The unisex collection, which is made up of three styles, first made its debut on the brand’s fall runway show in Paris. Get all the details on WWD.com – link in bio. #wwdnews #wwdfashion