Abercrombie & Fitch Confirms That It's in Talks With Buyers

Will the once-loved teen brand be able to make a comeback?

Fashion
3,425 Hypes 0 Comments

American teen apparel retailer Abercrombie & Fitch has confirmed that it is in talks with several interested buyers after reports of a potential takeover. The company said in a statement on Wednesday, “There can be no assurance these discussions will lead to a definitive agreement or that a transaction will be consummated.” However, rumors of a potential takeover sent the retailer’s stocks soaring as the brand has been struggling for many years now amidst a competitive retail market.

Potential buyers include Express, which is rumored to be interested in either a merger or a stock-and-cash takeover. Additionally, American Eagle is also reportedly in talks with Abercrombie. Investment bank Perella Weinberg Partners is working with the retailer on the potential sale, and before the takeover reports sent its stocks flying, Abercrombie’s shares sat at a 17-year low. Stay tuned for more news regarding Abercrombie’s fate.

Unfortunately, this probably means that Abercrombie & Fitch’s recent rebranding efforts were futile.

Read Full Article

What to Read Next

Sotheby's Lists Rare Abercrombie & Fitch-Signed Heuer Ref. 2446 Watch
Watches

Sotheby's Lists Rare Abercrombie & Fitch-Signed Heuer Ref. 2446 Watch

Join the ranks of Ernest Hemingway, Teddy Roosevelt, and John F. Kennedy.

Bobby Shmurda Confirms Collab Project With Migos Is on Its Way
Music

Bobby Shmurda Confirms Collab Project With Migos Is on Its Way

“It’s going to be a lit summer.”

GameStop Quietly Announces That It’s Working on NFTs
Tech 

GameStop Quietly Announces That It’s Working on NFTs

“Power to the players. Power to the creators. Power to the collectors.”


Apple Reportedly in Talks With NFL to Stream Sunday Ticket Games
Sports

Apple Reportedly in Talks With NFL to Stream Sunday Ticket Games

Apple TV+ could be expanding into live sports programming.

Kerbedanz Unveils the World's Largest Tourbillon Watch
Watches

Kerbedanz Unveils the World's Largest Tourbillon Watch

Limited to 99 pieces.

Kaytranada & Buddy Announce Collab Project, Share New Track “Find Me”
Music

Kaytranada & Buddy Announce Collab Project, Share New Track “Find Me”

Listen to the ‘Ocean & Montana’ single here.

There Might Be a Redesigned iPad Pro Debuting at the WWDC
Tech

There Might Be a Redesigned iPad Pro Debuting at the WWDC

With a release date very soon.

Listen to Calvin Harris, Future & Khalid's New Single "Rollin"
Music

Listen to Calvin Harris, Future & Khalid's New Single "Rollin"

Listen to the new track here.

Liam Payne Announces Debut Solo Single, "Strip That Down," Featuring Quavo
Music

Liam Payne Announces Debut Solo Single, "Strip That Down," Featuring Quavo

The One Direction and Migos connection.


Sasquatchfabrix. Teams up With SPACE SHOWER TV on a Graphic-Heavy Capsule
Fashion

Sasquatchfabrix. Teams up With SPACE SHOWER TV on a Graphic-Heavy Capsule

The worlds of fashion and music collide.

The Kelly Beeman x J.W.Anderson Exclusive Collection Is Now Available
Fashion

The Kelly Beeman x J.W.Anderson Exclusive Collection Is Now Available

Featuring a pullover and two T-shirts.

Louis Vuitton Collaborates With Kansaï Yamamoto & Heads to Kyoto
Fashion

Louis Vuitton Collaborates With Kansaï Yamamoto & Heads to Kyoto

For its 2018 Cruise presentation.

LA's Power 106 Gets Sold for $80 Million USD
Music

LA's Power 106 Gets Sold for $80 Million USD

The legendary radio station is changing ownership.

adidas Originals Set to Release the NMD R2 In "Triple Black"
Footwear

adidas Originals Set to Release the NMD R2 In "Triple Black"

Stay tuned for an official release date.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.