Guess shares slump after model Kate Upton tweets about exec

"It's disillusioning that such a notable ladies' image @GUESS is as yet engaging Paul Marciano as their innovative executive #metoo", the model tweeted on Wednesday, utilizing a prevalent hashtag intended to feature the far-reaching of lewd behavior.

"He shouldn't be permitted to utilize his energy in the business to sexually and sincerely hassle ladies #metoo", Upton tweeted, without explaining.

A delegate for Upton, who displayed for Figure in 2011, did not react to demands for input on Thursday.

"Mr. Marciano denies any offense toward Ms. Upton," Figure said in a recording with the US Securities and Trade Commission on Thursday.

The form retailer said it will examine Upton's worries in the event that it decides they have justified, including that she had not yet made a particular claim.

Figure likewise said it had researched claims that Marciano acted improperly towards two ladies in November 2017, after a diversion site reached them.

It said the examination, helped by outside advice, had so far been notable support the assertions and the organization's board had been not able to decide whether they had just. Marciano has denied the charges.

Marciano independently reacted to Upton's assertions through big name news site TMZ, saying he never touched Upton, and has never been distant from everyone else with her. He said he would not apologize as he had done nothing incorrectly, TMZ announced.

"In the event that she has a case, there's one place to come clean and that is in court or to the police," he told TMZ.

Marciano couldn't become by Reuters for input.

Figure shares finished down 17.7 percent at $15.11 on Thursday, wiping more than $250 million off the organization's reasonable worth.