Guess Inc.’s financials seem to be looking up despite harassment accusations against its cofounder and chief creative Paul Marciano.
For the year ended Feb. 1 — roughly the same time model Kate Upton publicly accused Marciano of harassment, including groping her on the set of a photo shoot — Guess said sales grew 7 percent to $2.36 billion. The company’s net loss totaled $7.9 million, equal to a loss of 11 cents per diluted share, and compared with net earnings of $22.7 million for 2016.
“I’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
“We are obsessed with Fendi and we want to share this obsession,” said CEO Serge Brunschwig to WWD. @Fendi will be releasing a new capsule collection Oct. 16 centered around the Fendi/Fila logo created by Instagram artist @Hey_reilly. Further proving the logo trend isn’t going anywhere. Link in our bio for more details. #wwdfashion