August 10, 1993 |
News that French designer Georges Marciano is resigning as chief executive of Guess? Inc., the Los Angeles-based clothing company that he and his three brothers founded, was the talk of the apparel industry last week. Perhaps especially so at Cherokee Inc., a Sunland-based maker of women's clothing that has taken Marciano's fancy. On the day reports surfaced last week that Marciano was leaving Guess?, Cherokee's stock surged 40%, to $4.38 a share, on unusually heavy trading volume.
March 23, 1989 |
The creators of Guess jeans on Wednesday claimed a major legal victory in a bitter, multimillion-dollar feud to regain control of the company from the owners of Jordache jeans. After five days of deliberation, a Los Angeles County Superior Court jury supported claims by the Marciano family--four brothers from Beverly Hills who founded Guess--that the owners of Jordache bought 51% of their firm with the intent of stealing its designs. The verdict, however, does not resolve the case.
November 2, 1993 |
Robert Margolis, Cherokee Inc.'s chairman and chief executive, resigned Monday, rekindling speculation that French designer Georges Marciano, a Cherokee investor, wants to take a more active role in the maker of women's clothing. The 45-year-old Margolis, a 13-year veteran of Cherokee, recently steered it back to profitability after a bankruptcy reorganization.
November 2, 1993 |
Cherokee Inc.'s Chairman and Chief Executive Robert Margolis resigned Monday, rekindling speculation that French designer Georges Marciano, a Cherokee investor, wants to take a more active role in the women's clothing maker. The 45-year-old Margolis, a 13-year veteran of Cherokee who recently steered it back to profitability after it emerged from a bankruptcy reorganization, said he was leaving the company to pursue other entrepreneurial interests. Cherokee's stock rose $1.
January 15, 2011
Los Angeles County Sheriff Lee Baca does not play favorites, it seems: As long as you're a multimillionaire, his department's investigative resources are at your disposal. Baca's detectives have been spending an awful lot of time in the city of Beverly Hills lately, even though it's outside their jurisdiction. We were already dismayed when Times staff writer Robert Faturechi reported in October that the sheriff ordered a criminal investigation of a Beverly Hills tenant of real estate magnate Ezat Delijani, though the local police force had dismissed the case as a civil dispute and didn't ask the Sheriff's Department for help (the sheriff can legally investigate cases in any city in L.A. County, but normally this is done only by invitation)
June 22, 1993 |
Georges Marciano, chairman and chief executive of Beverly Hills jeans maker Guess? Inc., has acquired a 19.9% stake in Cherokee Inc., the Sunland-based apparel company that recently emerged from bankruptcy reorganization. In a filing with the Securities and Exchange Commission, Marciano said he bought 995,000 shares of Cherokee's common stock in early June, paying $3.75 to $4.38 a share, for a total of about $4.1 million.
September 18, 1998 |
Georges Marciano, the successful Guess jeans guru-turned-real estate mogul, has fashioned a drab, nine-story bank building in Beverly Hills into one of the city's most sought-after office spaces among the Hollywood elite. Michael Ovitz has signed a 10-year lease for the sixth floor of the building on the northwest corner of Beverly Drive and Wilshire Boulevard--just blocks from the former super-agent's onetime home, Creative Artists Agency.
CALIFORNIA | LOCAL
January 14, 2011 |
Los Angeles County Sheriff Lee Baca personally launched a criminal investigation in another police agency's jurisdiction after a request from a millionaire businessman who later contributed $100,000 to two sheriff's charities, according to civil court testimony, law enforcement records and interviews. The Sheriff's Department spent well over a year probing allegations by Guess Inc. co-founder Georges Marciano that his employees embezzled $1.4 million, despite several outside accounting audits showing that no money had been stolen.