Guess co-founder Paul Marciano is giving up his day-to-day responsibilities as a key executive of his fashion company while it completes a misconduct investigation.
Guess Inc. made the announcement Tuesday, which comes nearly two weeks after Kate Upton detailed allegations of sexual harassment against Marciano.
As we reported ... she claims he groped her breasts and thighs, forcibly kissed her, fired her from shoots and called her a "fat pig" in 2011. He's denied her allegations.
Shortly after coming out with her full story, Kate told us Guess needs to clean house if they really wanted to deal with their issues with women ... suggesting it was a company-wide problem that came from the top down.
As for this latest news ... Guess says Marciano will not be getting paid while he steps aside. He serves as the executive chairman of the co. board as well as its chief creative officer.
For his part, Marciano says ... "I have pledged my full cooperation to the Company, and I have the utmost confidence in our CEO, Victor Herrero to continue leading the Company during this time."