After 30 years of puzzling fashionistas the world over, Guess? co-founder and Chairman of the Board, Maurice Marciano is retiring from the company, though he will continue to serve as non-executive chairman.
Marciano -- who founded Guess? with his brothers Paul, Georges and Armand in 1981 -- will begin a two-year consultancy, including the provision of advice and counsel to brother and CEO, Paul Marciano when his employment agreement ends January 28, 2012.
In his official statement, Maurice Marciano reflected on his three-decade long tenure at Guess?:
"Since we began, our vision has been to build an iconic brand that would resonate with consumers all around the world. Today, Guess? has become a lifestyle brand present in 90 countries. I am proud of the work we have done and of the strong management team that we have assembled. As Chairman of the Board, I will continue to oversee the strategy of the Company as well as its expansion and well being." [WWD, PR Newswire]