LOS ANGELES--(BUSINESS WIRE)--Feb. 9, 2018--
As a leader in the fashion industry, Guess?, Inc. takes seriously any
allegation of sexual harassment. The Company does not condone such
misconduct in any form.
The Company is committed to completing an extensive and impartial
investigation into all of the facts. On February 7, 2018, the Board of
Directors formed a Special Committee comprised of two independent
directors to oversee an ongoing investigation into recent allegations of
improper conduct by Paul Marciano. Mr. Marciano adamantly denies the
The investigation is being conducted by the law firm of O’Melveny &
Myers LLP. In addition, the Board has retained the law firm of Glaser
Weil, LLP to advise the Special Committee.
About GUESS?, Inc.
Established in 1981, GUESS began as a jeans company and has since
successfully grown into a global lifestyle brand. Guess?, Inc. designs,
markets, distributes and licenses a lifestyle collection of contemporary
apparel, denim, handbags, watches, footwear and other related consumer
products. Guess? products are distributed through branded Guess? stores
as well as better department and specialty stores around the world. As
of October 28, 2017, the Company directly operated 982 retail stores in
the Americas, Europe and Asia. The Company's licensees and distributors
operated 671 additional retail stores worldwide. As of October 28, 2017,
the Company and its licensees and distributors operated in roughly 100
countries worldwide. For more information about the Company, please
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Source: GUESS?, Inc.