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Abercrombie & Fitch 'assesses takeover interest'

Abercrombie & Fitch is working with an investment bank to assess takeover interest from other retailers, sources have told Reuters.

Abercrombie & Fitch

Abercrombie & Fitch

Abercrombie & Fitch

The US teen retailer’s shares are trading at a 17-year low, making it a vulnerable target for approaches.

The sources told the news service Abercrombie has hired investment bank Perella Weinberg Partners to field the interest, but both Abercrombie and Perella declined to comment.

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