Guess Inc. says the board formed on Wednesday a special committee comprised of two independent directors to oversee an ongoing probe into allegations of improper conduct by its co-founder Paul Marciano.
The announcement Friday came about a week after celebrity and actress Kate Upton accused Marciano of sexual misconduct on social media.
Upton added the hashtag #metoo, thrusting her into the movement that has spread virally after public reports of sexual harassment allegations against movie mogul Harvey Weinstein.
Guess says that Paul Marciano "adamantly denies" the allegations.
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The Los Angeles-based company says it takes seriously any allegations of sexual harassment and doesn't condone such misconduct in any form.
Paul Marciano and his brother Maurice co-founded the brand in 1981, redefining the denim business, which is sold in roughly 100 countries.