One of four Marciano brothers will sell slipping Guess shares. (Wall Street West).ARMAND Marciano, one of the four brothers who own a combined 80 percent stake in jeans maker Guess Inc., is putting his 14.9 percent stake in the Los Angeles-based company up for sale. Last week, Guess said a trust controlled by Marciano, who is on medical leave from his role as senior vice president, has requested that the company register 6.5 million of his shares for sale. Company officials could not be reached for comment on the sale, valued at more than $35 million. Marciano recently placed his Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. villa villa. Although used to designate any country residence, especially in Italy and S France, the term villa particularly refers to a type of pleasure residence with extensive grounds favored by the Romans and richly developed in Italy in the Renaissance. up for sale for $8.9 million, to move to a newly built home. Guess, known for its sexy jeans and provocative advertisements that once featured Anna Nicole Smith, has faded in recent years. It restated earnings for the first three quarters of 2000 and reported a net loss of $7.6 million in 2001. Guess posted a net loss of $36.7 million for the first three quarters of 2002, and its stock traded recently at $5.45 a share, down 27.3 percent for the year. |
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