Revenue Agenda
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Revenue Agenda
No Result
View All Result
Home Editor's Pick

Abercrombie & Fitch is investigating abuse accusations against ex-CEO

by
October 9, 2023
in Editor's Pick
0
Abercrombie & Fitch is investigating abuse accusations against ex-CEO
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Abercrombie & Fitch says it is investigating allegations that ex-CEO Mike Jeffries, who led the company for more than 20 years and defined its modern image, exploited men at sex parties he hosted.

BBC News reported on Monday that 12 men described attending or organizing events that included sex acts for Jeffries and his partner Matthew Smith. Some of those men said they were exploited or didn’t participate willingly. Those events took place from 2009 to 2015, according to the BBC.

Two of the men the BBC spoke to disclosed their identities on-the-record, and the BBC said it had confirmed key points of their stories by fact-checking emails, flight tickets and other documents as well as interviewing dozens of other people.

It was not clear if any of the men had filed police reports.

The BBC also reported that in the months before Jeffries left the company, a pension fund that had invested in Abercrombie & Fitch initiated a legal claim that the company had paid out settlements after allegations of ‘misconduct’ by Jeffries.

Michael Jeffries, then-CEO of Abercrombie, speaks at a conference in New York on Jan. 13, 2009.Mark Lennihan / AP file

Brian Bieber, Jeffries’ attorney, told NBC News that Jeffries would not comment on reports about his personal life. Smith did not respond to requests for comment.

In a statement emailed to NBC News, a spokesperson for Abercrombie & Fitch said the company was ‘appalled and disgusted’ by the allegations. It said that its current leadership and board were not aware of the allegations against Jeffries, and that it has engaged an outside law firm to investigate the issues raised by the BBC’s reporting.

Jeffries was CEO of Abercrombie & Fitch from 1992 to 2014. When he was hired, the company had recently emerged from bankruptcy and had a stodgy image. During his tenure, it became a much-imitated retailer that defined how younger people looked and dressed.

It was also frequently criticized and repeatedly boycotted for sexualized ads and messages on its clothes.

Later in Jeffries’ tenure, the company fell behind rivals and newer fast fashion competitors. Its financial results also began to weaken, which hurt the company’s stock. Jeffries lost his title as chairman following pressure from investors, and then left the company.

Most of Abercrombie & Fitch’s current management and board of directors joined after Jeffries left the company, although Fran Horowitz, who has been CEO since February 2017, was president of A&F’s Hollister brand for the last two months of Jeffries’ tenure.

This post appeared first on NBC NEWS
Previous Post

Walmart says users of weight loss drugs are buying less food

Next Post

Record border crossings are a burden Biden carries into 2024 election

Next Post
Record border crossings are a burden Biden carries into 2024 election

Record border crossings are a burden Biden carries into 2024 election

  • Trending
  • Comments
  • Latest
Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

October 7, 2025
Uranium Price Update: Q3 2025 in Review

Uranium Price Update: Q3 2025 in Review

October 16, 2025
Top 10 Potash Countries by Production (Updated 2024)

Top 10 Potash Countries by Production (Updated 2024)

August 21, 2024
Top 10 Phosphate Countries by Production (Updated 2024)

Top 10 Phosphate Countries by Production (Updated 2024)

August 1, 2024
Sankamap Updates Status on Late Filing of Financial Statements

Sankamap Updates Status on Late Filing of Financial Statements

0
New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

New Hampshire Gov. Sununu signs $15.2B ‘miracle’ budget into law

0

Pennsylvania House clears tax credits for new teachers, nurses, police officers

0
Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

Evers signs bipartisan sales tax bill aimed at sparing Milwaukee from bankruptcy

0
Sankamap Updates Status on Late Filing of Financial Statements

Sankamap Updates Status on Late Filing of Financial Statements

November 5, 2025
Horn Island Project Update

Horn Island Project Update

November 5, 2025
How to Invest in Palladium Stocks, ETFs and More

How to Invest in Palladium Stocks, ETFs and More

November 5, 2025
Nextech3D.ai: Disrupting the Global Events Management Industry with AI and Blockchain

Nextech3D.ai: Disrupting the Global Events Management Industry with AI and Blockchain

November 5, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

Error: Contact form not found.

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent News

Sankamap Updates Status on Late Filing of Financial Statements

Sankamap Updates Status on Late Filing of Financial Statements

November 5, 2025
Horn Island Project Update

Horn Island Project Update

November 5, 2025
How to Invest in Palladium Stocks, ETFs and More

How to Invest in Palladium Stocks, ETFs and More

November 5, 2025
Nextech3D.ai: Disrupting the Global Events Management Industry with AI and Blockchain

Nextech3D.ai: Disrupting the Global Events Management Industry with AI and Blockchain

November 5, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 revenueagenda.com | All Rights Reserved

No Result
View All Result
  • Investing
  • Latest News
  • Editor’s Pick
  • Economy

Copyright © 2025 revenueagenda.com | All Rights Reserved