Abercrombie Confronts Sex Trafficking Accusations Against Mike Jeffries, Ex-CEO

Published On Oct 25, 2024, 12:49 PM

Abercrombie & Fitch is facing renewed scrutiny and potential financial risks following serious accusations against its former CEO Michael Jeffries, who has been charged with running a sex trafficking scheme during his tenure from 2008 to 2015. These allegations could tarnish the company's efforts to rebuild its image under current CEO Fran Horowitz, who has worked to transform the brand since taking over in 2017.

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The allegations against Michael Jeffries could lead to a loss of consumer trust and negatively impact Abercrombie's reputation and financial performance. Investors may view the company as a riskier investment due to the sudden re-emergence of these serious accusations.

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