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Victor Herrero to succeed Paul Marciano as Guess? CEO
Jul '15
Victor Herrero
Victor Herrero
Paul Marciano, co-founder and CEO of American fashion house Guess?, Inc. has announced that Victor Herrero will be his successor and new CEO of Guess?, Inc. in August 2015, the company said in a press statement.

Paul Marciano will replace Maurice Marciano as executive chairman of the board and will continue serving as chief creative officer. Marciano will remain a director, and has been named chairman emeritus by the board of directors.

Victor Herrero joins Guess? with over 20 years of global experience spanning Europe and Asia. Victor served as the head of Asia Pacific for Inditex Group, the world's largest fashion retailer with brands including Zara, Massimo Dutti, Pull & Bear, Bershka, and Stradivarius. In the past 10 years, Herrero was responsible for building Inditex's multi-billion dollar business in Asia.

Herrero has been with Inditex for the past 12 years after he started his career with them in Europe, the statement said.

"Maurice and I have been working with the Board for over a year now to select the right candidate to be my successor as Chief Executive Officer of Guess?. We believe that Victor is the perfect top executive because, in addition to his entrepreneurial spirit, he has unparalleled experience in building a large business in Asia, he has a deep understanding of the current world of retail, and he is extremely knowledgeable in best in class sourcing and supply chain," Marciano said.

Victor Herrero commented, "I am excited at the opportunity to work with Paul, Maurice, and the team at Guess? who are at the forefront of more than 90 markets worldwide. It's a pivotal time for Guess?, and I look forward to joining a group that is poised to continue as an innovative leader in the fashion industry. I am particularly thrilled to have the opportunity to use my background and to contribute my skills in order to unlock a tremendous amount of value for our shareholders."

Guess?, Inc. designs, markets, distributes and licenses a lifestyle collection of contemporary apparel, denim, handbags, watches, footwear and other related consumer products. Guess? products are distributed through branded Guess? stores as well as better department and specialty stores around the world. (SH)

Fibre2Fashion News Desk – India

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