LOS ANGELES (AP) — Guess Inc. says its co-founder Paul Marciano is stepping down after the completion of a company-commissioned investigation into allegations of sexual harassment and assault. The Los Angeles-based fashion company announced in a filing Tuesday with the Securities and Exchange Commission that Marciano is resigning immediately as executive chairman of the Guess board, and his brother and co-founder Maurice Marciano will take over. Paul Marciano, who has denied the allegations, will remain a board member and stay on as chief creative officer through January. The filing says allegations against Paul Marciano included inappropriate comments and texts, and unwanted kissing and groping.