Abercrombie Wages Charm Offensive After Revolts on Executive Pay

Abercrombie & Fitch Spring/Summer 2014 | Source: Abercrombie & Fitch

NEW YORK, United States — Michael S. Jeffries, the Abercrombie & Fitch Co. chief executive officer who was paid $48.1 million in 2011, got 95 percent less last year after the company’s board tried to placate shareholders who twice slammed its executive pay structure.

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Abercrombie Bows to Activist Investor Engaged With New Directors

Abercrombie & Fitch Spring/Summer 2014 | Source: Abercrombie & Fitch

NEW YORK, United States — Abercrombie & Fitch Co. named four new independent directors to its board after forging a truce with activist investor Engaged Capital LLC, which had sought a management shakeup at the teen retail chain.

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Abercrombie Hires Kohl’s Crevoiserat as CFO Amid Investor Fight

Abercrombie & Fitch Spring/Summer 2014 | Source: Abercrombie & Fitch

NEW YORK, United States — Abercrombie & Fitch Co., the teen retailer that’s been under pressure from activist investors to shake up management, hired Kohl’s Corp. executive Joanne C. Crevoiserat to be chief financial officer.

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Abercrombie Plans to Shift Namesake Brand Toward Older Audience

Abercrombie & Fitch Campaign | Source: Abercrombie & Fitch

NEW YORK, United States — Abercrombie & Fitch Co., the teen retailer under pressure from an activist investor to change its management amid sluggish sales, plans to shift its namesake brand to appeal to an older audience.

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Abercrombie & Fitch 4Q Adj. Profit Beats Street

Abercrombie & Fitch London flagship | Source: Abercrombie & Fitch

NEW Albany, United States — Abercrombie & Fitch's fourth-quarter net income fell 58 percent, dragged down by a number of one-time charges, including costs tied to the closure of the retailer's Gilly Hicks stores. But adjusted profit easily topped Wall Street's expectations and shares jumped more than 8 percent as the company initiated a $150 million accelerated share buyback program.

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Abercrombie Promotes CFO Ramsden to New Operating Chief Position

Abercrombie & Fitch Campaign | Source: Abercrombie & Fitch

NEW ALBANY, United States — Abercrombie & Fitch Co., the teen retailer that this week separated its chairman and chief executive officer roles, named Chief Financial Officer Jonathan Ramsden to the newly created role of chief operating officer.

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