Mogul to Pump $3.3 Million Into Struggling Yes Clothing : Apparel: Georges Marciano will also become garment maker’s chief executive, chairman.

Yes Clothing Co. of Los Angeles, which last week reported a $4.7-million net loss and said it might go out of business, announced Monday that former Guess Inc. Chairman Georges Marciano has agreed to invest another $3.3 million and become chairman and chief executive.

Marciano’s latest investment will give him about 93% of the company at the end of four years if he exercises all the stock options available to him. The fashion mogul currently owns 80%, thanks to a $6-million investment made earlier this year.

As a result of the capital infusion, Yes Clothing’s auditors, Moss-Adams Accountants, withdrew a previously announced plan to issue a qualified opinion on Yes’ financial statements for the year ended March 31.

Yes shares closed off 12.5 cents at $3.25 on the Nasdaq on Monday after trading as low as $2. The stock price has been on a wild ride lately, rising from $2 in December, before the original Marciano investment was announced, to a high of $10.50 in March.

Irving Kroll, who is relinquishing his title of acting chairman, called Marciano “a giant in the apparel industry” and said the board “has high hopes for the company’s future under his leadership.” Marciano was not available for comment Monday.

Marciano will receive a salary of $1 per year plus options to acquire 500,000 shares of common stock per year at $1.25 per share, which was the price of Yes’ stock on June 13, the day Marciano proposed his additional investment.

Yes said Marciano will supervise all of the company’s design departments.

Yes said it has been notified that the company may be delisted by Nasdaq because its net worth has fallen below minimum listing standards. It said it will apply for a waiver because of the equity infusion.