(Reuters) - Guess Inc (GES.N) said on Tuesday its co-founder Paul Marciano will give up his day-to-day responsibilities at the company on an unpaid basis pending the completion of a probe into accusations of improper conduct. Earlier this month, model and actress Kate Upton accused Marciano of using his power in the fashion industry to harass women. Guess’ shares fell more than 17 percent in early February following Upton’s accusations against Marciano made on Twitter. Shortly after, the company’s board formed a special committee made up of two independent directors to oversee an investigation into accusations against Marciano. Guess shares were down about 4 percent at $14.93 in early trading on Tuesday.

Source: Huffington Post February 20, 2018 15:22 UTC