Los Angeles -- Guess announced Monday that its co-founder and chairman Maurice Marciano will retire as chairman in January 2012, at the end of the company’s fiscal year.
Marciano will continue as non-executive chairman of Guess' board of directors, and the company will retain him for two years as a consultant.
Marciano, who hails from southern France and with his brothers founded Guess in 1981, was CEO and co-CEO from 1993 to 2007.