Tajuk : Abercrombie is putting itself up for sale
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Abercrombie is putting itself up for sale
Abercrombie & Fitch shares soared 14% to $14.50 ahead of Wednesday’s opening bell after a Reuters report said the teen retailer hired an investment bank to assess takeover interest.
Any potential suitor should be able to get a favorable price for the company, at least compared to a year ago. Abercrombie has plunged 61% since reaching a 16-month high in March 2016, erasing more than half of its market value.
The decision comes at a time when US retailers are closing stores and filing for bankruptcy at rates not seen since the financial crisis. As online sellers continue to take a bite out of their brick-and-mortar counterparts, companies like Abercrombie are scrambling to stay afloat.
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.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
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Abercrombie & Fitch shares soared 14% to $14.50 ahead of Wednesday’s opening bell after a Reuters report said the teen retailer hired an investment bank to assess takeover interest.
Any potential suitor should be able to get a favorable price for the company, at least compared to a year ago. Abercrombie has plunged 61% since reaching a 16-month high in March 2016, erasing more than half of its market value.
The decision comes at a time when US retailers are closing stores and filing for bankruptcy at rates not seen since the financial crisis. As online sellers continue to take a bite out of their brick-and-mortar counterparts, companies like Abercrombie are scrambling to stay afloat.
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.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2qSREzN
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
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Kini anda membaca artikel Abercrombie is putting itself up for sale dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/abercrombie-is-putting-itself-up-for.html
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