The settlement agreements also come with news the Guess cofounder has vacated his post as board executive chairman.
The denim company said Monday a different firm would look into claims of misconduct by cofounder Paul Marciano.
Paul and Maurice Marciano focused on their foundation’s latest exhibitions, hours after the model took to social media to criticize Guess’ handling of an investigation into harassment claims.
The model blasted Guess for its choice of legal representation.
The denim company said the executive will remove himself from the firm’s day-to-day activities.
The board has established a committee to provide oversight on the investigation.
The model followed up on claims made last week with a detailed account of a 2010 photoshoot for Guess.
Guess has been investigating allegations against executive chairman Paul Marciano, who firmly denies any misconduct.
A model’s allegations on social media point a finger at the company and its cofounder for misconduct.
The denim mogul paid around $5 million for the six-bedroom estate close to two decades ago.
A pair of celebrations attracted art and fashion world luminaries from Ryan Seacrest and Terry Lundgren to Takashi Murakami and Jeff Koons.
The designer showed his latest wares at South Coast Plaza and enjoyed a Beverly Hills dinner hosted by Erica Pelosini and Nathalie Marciano.
A$AP Rocky, rapper and fashion muse, links with the jeans giant on another clothing line called Guess Club and dishes on Gucci, Raf Simons.