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A&F Shake Up: Chairman/CEO Position Split, New Directors Added

In Reports, What's New, Industry News by Accessories Staff

New York—Abercrombie & Fifth, once the shinning star of teen retailing that has now fallen on tough times, reported a shake-up today in wake of complaints by major shareholders about the company’s executives. According to today’s announcement, Michael Jeffries, the longtime chairman/ceo, had his chairman’s position removed and Arthur Martinez, …

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Report: Abercrombie & Fifth Hired Goldman Sachs to Seek “Strategic Alternatives”

In Reports, What's New, Industry News by Accessories Staff

New Albany, OH—Abercrombie & Fitch has reportedly retained Goldman Sachs to help it seek “strategic alternatives.” The move comes at the behest of one of its activist investing fund Relational Investors, which increased its stake in Abercrombie & Fitch in the second quarter, and reportedly sought cost-cutting measures and curtailed …