By  on January 28, 2019

Victor Herrero is out as chief executive officer of Guess Inc., but cofounder Paul Marciano will remain as its creative chief despite being at the center of the sexual harassment storm that rocked the company last year.

Taking the market by surprise and triggering a near-15 percent slide in its share price, Guess said Monday morning it had poached Lucky Brand ceo Carlos Alberini to take over the helm and that Herrero would leave his current job at the end of the week.

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