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Struggling Abercrombie & Fitch set up for sale

  • News
  • May 11, 2017
  • The Register team
Struggling Abercrombie & Fitch set up for sale

Clothing retailer Abercrombie & Fitch has hired an investment bank to assess takeover interest. The company shares have surged since the announcement.

Abercrombie has plunged 61% since reaching a 16-month high in March 2016, erasing more than half of its market value. But since announcing its plans to sell has seen a 14 percent rise.

The decision has come at a time when quite a few US retailers are closing stores and online sales continue to dominate the market.

Abercrombie has also made an electronic commerce push, partnering with Asian online retailer Zalora to sell its Abercrombie and Hollister brands.

Abercrombie has hired investment bank Perella Weinberg Partners to handle any potential deal, although there is no certainty that one will occur, according to the Reuters report.

The struggling clothing retailer has had its shares trading at a 17-year low. Making it a possible no-go for any future investors.

The company's operating income shrunk from $72.8 million in 2015 to $15.2 million last year.

Abercrombie & Fitch has a market capitalisation of USD$862 million and has 999 stores globally. 

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Bonnie Brown’s Blooming ‘Brella: Winner of the Blunt + Idealog + Generator umbrella experiment

  • News
  • May 25, 2018
  • Elly Strang
Bonnie Brown’s Blooming ‘Brella: Winner of the Blunt + Idealog + Generator umbrella experiment

The grand winner of the Blunt + Idealog + Generator umbrella experiment has been announced – congratulations to Bonnie Brown of Studio Bon, who will see her design turned into a limited edition Blunt umbrella. Watch this space for details on how to buy one in the near future, or get your pre-order in now. In the meantime, we chat with Brown and have a closer look at her winning design.

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Save money or save values?

  • Opinion
  • May 25, 2018
  • Courtney Devereux
Save money or save values?

As the next generation become top spenders, it is up to them to communicate their values to the market. Below you’ll find examples of local, ethical, mindful and sustainable retailers to support, well also upgrading your wardrobe.

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#Trending: Shop to showroom

  • News
  • May 25, 2018
  • Sarah Pollok
#Trending: Shop to showroom

Stores are starting to display only sample products are on the rise. Sarah Pollok looks into the new showroom experience hitting our retailers.

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Debunking diversity myths surrounding hiring practises

  • Opinion
  • May 24, 2018
  • Rose Lu
Debunking diversity myths surrounding hiring practises

Flick Electric software engineer Rose Lu has often been the sole woman or sole non-white person in the room in her career, and recently assisted with Flick's hiring process for new engineers. Here, she shares some key learnings on how to hire for diversity – and how to get around the obstacles that often pop up.

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