Founded in 1892 in Manhatten by David Abercrombie and Ezra Fitch, the original Abercrombie and Fitch produced very high end outdoor clothing and supplies.
In 1976, the company filed Chapter 11 bankruptcy.
In 1979, Oshman’s Sporting Goods purchased the rights to the business name. The business was relaunched as a mail order company.
In 1988, Oshman’s sold the company to Columbus, Ohio based Limited Company. The Limited changed the company to a casual clothing company targeting 18-25 year olds.
Leslie (Les) Wexner hired Michael Jeffries as CEO to revitalize the company. Jeffries was always controversial and also extremely highly paid. His 2011 compensation was $46.6 million.
Michael (Mike) Jeffries stepped down on December 9, 2014 due to mass criticism and nearly 3 years of declining revenue. Joanne Crevoiserat replaced Jeffries as interim CEO.
The company currently has over 1000 locations worldwide. The Abercrombie corporate office is located in New Albany, Ohio.
Abercrombie & FitchFounded in 1892 in Manhatten by David Abercrombie and Ezra Fitch, the original Abercrombie and Fitch produced very high end outdoor clothing and supplies.
In 1976, the company filed Chapter 11 bankruptcy.
In 1979, Oshman’s Sporting Goods purchased the rights to the business name. The business was relaunched as a mail order company.
History
In 1988, Oshman’s sold the company to Columbus, Ohio based Limited Company. The Limited changed the company to a casual clothing company targeting 18-25 year olds.
Leslie (Les) Wexner hired Michael Jeffries as CEO to revitalize the company. Jeffries was always controversial and also extremely highly paid. His 2011 compensation was $46.6 million.
Michael (Mike) Jeffries stepped down on December 9, 2014 due to mass criticism and nearly 3 years of declining revenue. Joanne Crevoiserat replaced Jeffries as interim CEO.
The company currently has over 1000 locations worldwide. The Abercrombie corporate office is located in New Albany, Ohio.
