Activist Continues Push For Abercrombie Board Shake-Up

Law360, New York (February 20, 2014, 12:07 PM EST) -- Activist investor Engaged Capital LLC continued to push Abercrombie & Fitch Co. to change up its board by nominating a slate of executives and asking shareholders to elect three of them, along with an independent chairman, at the 2014 annual meeting, the investment firm announced Thursday. 

California-based Engaged Capital, which owns less than 1 percent of Abercrombie, had sent letters in December asking the teen garment company to sell itself and oust controversial CEO Mike Jeffries, blaming him for years of "persistent underperformance" riddled with steep...
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