Mergers and acquisitions for fashion retailers are like a crop top t-shirt: A risk best braved by a select few and avoided after a certain age. Abercrombie & Fitch Co, the teen brand with a 125-year heritage, became the latest to demonstrate that on Monday, ending talks about a potential sale after failing to agree terms with potential suitors. Successful deals in the mercurial world of US fashion are rare, and now look even less likely to succeed as sales dip across the board. Cost savings can be counterproductive if it means squeezing money out of marketing and design, and ...
Fashion mergers and acquisitions, like a crop top, is hard to pull off
Abercrombie & Fitch ended talks about potential sale after failing to agree on terms with suitors
Lauren Hirsch | Reuters |