Guess Inc. chairman resigns after sexual harassment allegations

LOS ANGELES (AP) – Guess Inc. says its co-founder Paul Marciano is stepping down after the completion of a company-commissioned investigation into allegations of sexual harassment and assault.    The Los Angeles-based fashion company announced in a filing Tuesday with the Securities and Exchange Commission that Marciano is resigning immediately as executive chairman of the Guess board, and his brother and co-founder Maurice Marciano will take over.  
Source: WA news