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Glass Lewis Joins Calls to Remove Marcianos From Guess’ Board

  • Glass Lewis says Marcianos pose ‘reputational risk’ to company
  • Guess says it takes allegations ‘extremely seriously’
Maurice and Paul Marciano

Maurice and Paul Marciano

Photographer: Tommaso Boddi/Getty Images

A second influential investor advisory firm said it supports efforts to remove Guess? Inc. co-founders Paul and Maurice Marciano from the board following sexual misconduct allegations at the apparel company.

San Francisco-based Glass Lewis & Co. said in a Saturday report that Guess faces the risk of litigation and a hit to its long-term reputation if it continues ties to the Marciano brothers. Maurice served as chief executive officer when sexual assault and harassment allegations surfaced against Paul.