Guess CEO Victor Herrero to step down

Jan 28 (Reuters) - Apparel maker Guess Inc said on Monday Chief Executive Officer Victor Herrero will step down and named former top executive Carlos Alberini as his replacement.

Herrero, 49, will be with the company till Feb. 2.

It was not immediately clear why Herrero was leaving.

The company also said co-founder Paul Marciano, who resigned from his executive chairman post in June, will remain as the chief creative officer, though his contract expires in Jan. 

RELATED: Take a look a the major retailers that filed for bankruptcy in 2018:

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Every retailer who filed for bankruptcy in 2018

A'gaci

Women's apparel and accessories retailer A'Gaci filed for Chapter 11 bankruptcy in January. 

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Kiko USA

Cosmetics retailer Kiko USA Inc filed for Chapter 11 bankruptcy protection in January.

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Tops Markets

Tops Markets operates 174 supermarkets — called Tops Friendly Markets. The company filed for bankruptcy protection in February.

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The Bon-Ton Stores

The Bon-Ton Stores owns multiple department store chains including Bon-Ton, Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's, and Younkers. The company filed for bankruptcy in February.

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Remington Outdoor

Remington filed for Chapter 11 bankruptcy protection in March.

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The Walking Company

The shoe seller The Walking Company, which operates 208 stores in the US, filed for Chapter 11 bankruptcy protection in March.

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Claire's

The jewelry chain Claire's filed for bankruptcy in March.

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Southeastern Grocers

Southeastern Grocers, the parent company of the grocery chains Winn-Dixie, Harveys and Bi-Lo, filed for Chapter 11 bankruptcy protection in March.

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Nine West

Nine West Holdings filed for bankruptcy in April.

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Bertucci's

Italian casual-dining chain Bertucci's filed for Chapter 11 bankruptcy protection in April.

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Rockport

The footwear brand filed for Chapter 11 bankruptcy protection in May.

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National Stores

The owner of the Fallas chain of discount stores filed for bankruptcy in August.

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Brookstone

Brookstone filed for Chapter 11 bankruptcy protection in August.

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Samuels Jewelers

Samuels Jewelers filed for Chapter 11 with an agreement for bankruptcy financing in August.

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Toys R Us

Toys R Us filed for bankruptcy in September.

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Mattress Firm

Mattress Firm filed for bankruptcy in October.

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Sears

Sears filed for bankruptcy in October.

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Marciano resigned after the company launched an investigation against him on allegations of improper conduct.

Marciano's brother Maurice, who took up the responsibilities of the chairman in June, will serve as interim chief executive officer until incumbent CEO Alberini joins the company.

Alberini was Guess's chief operating officer from 2000 to 2010, and until Monday head of jeans maker Lucky Brand.

Shares of Guess fell 11 percent to $20 in early trading. (Reporting by Uday Sampath in Bengaluru; Editing by Shinjini Ganguli)

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