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Guess? founder sells more than 1 million shares
By Lisa Kerner
Charlotte, N.C., April 23 - Guess?, Inc. founder and chairman Maurice Marciano sold 1,125,000 shares of the company's stock between March 27 and April 18 priced from $40.08 to $42.07 each, it was reported in a schedule 13D filing with the Securities and Exchange Commission.
The reporting person owns 21,779,856 shares, or 23%, of the Los Angeles-based apparel company.
Marciano reported a 24% stake in Guess? on Oct. 18, 2007.
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