DealBook – Activist Fund Seeks Change At The Top Of Abercrombie – 3 December 2013

DealBook

By MICHAEL J. DE LA MERCED

Abercrombie & Fitch may have lost its crown as the king of teen fashion, but a hedge fund is hoping that a change in leadership could revive the retailer’s fortunes.

Engaged Capital publicly urged Abercrombie on Tuesday to replace the company’s 69-year-old chief executive, Mike Jeffries, after his contract expires in February. Failing that, the activist hedge fund called on the company to put itself for sale.

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