By  on June 20, 2011

Maurice Marciano, chairman and co-founder of Guess Inc., will retire at the conclusion of his current employment contract on Jan. 28, the end of the company’s current fiscal year.

Marciano, 62, who founded Guess with his brothers Paul, Armand and Georges in 1981, will move to the post of non-executive chairman at that time. The company said that, as agreed upon earlier, Marciano will begin a two-year consulting arrangement upon his retirement, including the provision of advice and counsel to Paul Marciano, 59, the company’s chief executive officer.

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