Guess Co-Founder Brothers Survive Investor Attempt to Oust Them

The co-founder brothers of Guess? Inc. survived an attempt by shareholders to oust them over corporate-governance concerns and previously reported sexual misconduct allegations against one of them.

In a statement, Guess said that shareholders had voted to re-elect Maurice Marciano, Paul Marciano and two other directors, based on preliminary vote results from the annual shareholder meeting.

In addition to retaining a board seat, Paul Marciano will remain as chief creative officer. The brothers have held various executive roles since they founded the company in 1981. They own 44.1% of Guess shares, according to data compiled by Bloomberg.

Maurice and Paul Marciano

Photographer: Tommaso Boddi/Getty Images

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