Activists call for the resignation of the Guess founders

Activist partners Legion Partners Asset Management have called on the board of fashion brand and retailer Guess to fire co-founders and directors Paul Marciano and Maurice Marciano after “more than a decade”. [of] a pattern of appalling sexual assault and harassment allegations,” read a press release Tuesday (February 8).

Legion Partners chief executives Chris Kiper and Ted White outlined the history of the allegations against the brothers in a letter, citing allegations of misconduct against Paul Marciano and a lack of action or response from Maurice, who “appeared to turn a blind eye.” alleged actions of the brother, the publication said.

“Legion Partners believes it is the responsibility of the rest of the board to finally take action and immediately remove Paul Marciano from his leadership role and both brothers from the board – or at least commit to not nominating them in the future will be the 2022 Annual General Meeting,” the statement said.

Kiper and White wrote in their letter that they are “deeply concerned by the lack of judgment shown by the Guess board of directors in allowing co-founder Paul Marciano to remain a member of the board and as the company’s chief creative officer.” As humans, we are appalled.”

Paul Marciano has been accused of sexual misconduct by at least 11 women since 2009, the letter said, adding that the alleged incidents date back to the 1980s.

Kiper and White characterized Paul Marciano in the letter as “a serial predator who has used his positions of power and authority at Guess to harass, sexually assault and otherwise exploit young female models,” including allegations by four women last year.

Guess’ insurance carrier recently sued to shirk any responsibility for covering claims related to Paul Marciano’s alleged “pattern of wrongdoing” after a former model filed a lawsuit in January 2021 alleging rape by him and Guess accused of enabling his behavior for years, the letter said.

Last February, Guess was the victim of a data breach in which the personal information of about 1,300 of its customers in North and South America, Europe and Asia was lost. The investigation was completed at the end of May and all concerned parties were notified in early June.

Continue reading: Fashion Brand Guess Data Breach Impacts Customer Information



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