Guess shares sink more than 10% after harassment allegations by model Kate Upton

Guess Inc. shares sank 10.6% in Thursday trading after model Kate Upton tweeted allegations of harassment against the company’s co-founder, Paul Marciano. In a tweet posted late Wednesday, Upton wrote, “It’s disappointing that such an iconic women’s brand @Guess is still empowering Paul Marciano as their creative director #metoo.” When TMZ questioned Upton further at Los Angeles International Airport, she said she was “excited to tell [her] whole story,” but didn’t elaborate further. Upton has modeled for the brand since 2011, according to New York magazine’s The Cut blog. MarketWatch has reached out to Guess for comment. Guess shares are up 31.8% for the last year while the S&P 500 index is up nearly 24% for the past 12 months.

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