Guess shares crater as actress accuses co-founder of sexual harassment

Apparel retailer Guess shares nose-dived Thursday, a day after actress Kate Upton called out co-founder Paul Marciano for allegedly using “his power inside the industry to sexually as well as emotionally harass women.”

By midafternoon Thursday, share prices were down 14 percent.

Upton took to her Twitter as well as Instagram accounts Wednesday evening to make the claims, citing the “metoo” movement.

Representatives coming from Guess as well as Upton didn’t immediately respond to CNBC’s requests for comment.

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