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MarketScreener Homepage  >  Equities  >  Nyse  >  Guess?, Inc.    GES

GUESS?, INC. (GES)
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Guess? : Guess forms committee to oversee investigation against co-founder

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02/09/2018 | 09:49pm CEST
FILE PHOTO: Shoppers walk by a Guess store in Golden

(Reuters) - Fashion retailer Guess Inc on Friday said its board had formed a special committee to oversee an ongoing investigation into allegations of improper conduct by co-founder Paul Marciano.

Earlier this month, model and actress Kate Upton tweeted accusing Marciano of using his power to harass women.

On Feb. 1 Guess Inc shares fell more than 17 percent following the claims by Upton accusing Marciano of harassing women.

In a filing with the U.S. Securities and Exchange Commission in early February, the company denied any misconduct on the part of Marciano, but said it would investigate Upton's concerns if it determines they had merit. Marciano also separately denied the claims.

The fashion retailer had then said it would investigate Upton's claims "once they are known to determine if they have any merit."

The committee will be made up of two independent directors, the company said in a statement on Friday.

Reuters has not independently confirmed the claims.

(Reporting by Sweta Singh in Bengaluru; editing by Clive McKeef)

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Financials ($)
Sales 2019 2 561 M
EBIT 2019 112 M
Net income 2019 78,7 M
Finance 2019 324 M
Yield 2019 3,95%
P/E ratio 2019 23,38
P/E ratio 2020 17,64
EV / Sales 2019 0,60x
EV / Sales 2020 0,58x
Capitalization 1 856 M
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Technical analysis trends GUESS?, INC.
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TrendsNeutralBullishBullish
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 5
Average target price 24,8 $
Spread / Average Target 8,6%
EPS Revisions
Managers
NameTitle
Victor Amigo Herrero Chief Executive Officer & Director
Maurice Marciano Chairman
Sandeep Reddy Chief Financial & Accounting Officer
Anthony Chidoni Independent Non-Executive Director
Paul Marciano Director & Chief Creative Officer
Sector and Competitors
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