Guess Plunges After Kate Upton Accuses Co-Founder of Sexual Harassment
- Supermodel targets executive Paul Marciano on social media
- Shares decline as much as 16% in wake of the comments
Kate Upton
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Guess? Inc. shares plummeted after Kate Upton accused co-founder Paul Marciano of sexual harassment, embroiling the fashion brand in the #MeToo movement.
Upton, a supermodel and actress, said on social media Wednesday that Marciano “shouldn’t be allowed to use his power in the industry to sexually and emotionally harass women.” She added the #MeToo hashtag, which has become a rallying cry for the movement against sexual assault and workplace misconduct.