>> Shares of Guess dropped nearly 18% on Thursday, after swimsuit model and actress, Kate Upton, used the metoo hashtag in a post about a company executive. On Wednesday, Upton tweeted, it's disappointing that such an iconic women's brand Guess is still empowering Paul Marciano as their creative director #metoo.
Paul and his brother Maris are the co-founders of the company, Marciano told celebrity news site TMZ he's never touched Upton and he has never been alone with her. Saying, quote, if she has a claim, there is one place to tell the truth and that's in court or to the police.
Reuters has not reached Guess, Marciano, or Upton for comment. The Metoo hashtag has become ubiquitous with accounts of sexual harassment. It gained currency in the wake of allegations against Hollywood mogul Harvey Weinstein, and dozens of other men in media, politics, and business. Upton modeled for Guess in 2011.
The sell off wiped more than $200 million off the company's market value.