|Company Name||GUESS? Inc.|
On February 1, 2018, GUESS? published a press release disclosing that a website notified the Company it was “seeking to post separate allegations that Paul Marciano had acted inappropriately toward two women. The website posted the allegations yesterday evening.” On this news, GUESS? shares fell $3.26, or 17.75%, to close at $15.11 on February 1, 2018. On February 7, 2018, TIME magazine published an interview with model Kate Upton, in which Upton stated that Marciano "assaulted and began harassing her during her first professional modeling campaign when she was 18." Upton's interview provided detailed descriptions of Marciano's alleged conduct, corroborated by at least one witness. On this news, GUESS? ‘s share price has fallen sharply during intraday trading on February 8, 2018.
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