Abercrombie & Fitch Co. reported that, after receiving expressions of interest, it is in preliminary discussions with several parties regarding a potential transaction with the company.
There can be no assurance these discussions will lead to a definitive agreement or that a transaction will be consummated.
In February, the Abercrombie & Fitch Co. announced a new CEO, Fran Horowitz along with other executive appointments in an effort to provide a customer-focused shopping experience.
Late last year, Abercrombie & Fitch Co. announced it was closing 60 stores as it continued to see a decline in sales.
The company does not intend to make any further comments on the discussions until they are concluded.