The Latest Breaking News from Abercrombie

A US attorney said Mike Jeffries, chief executive from 1992 to 2014, used his ‘power, his wealth and his influence, to traffic men’.

Abercrombie’s Mike Jeffries and associates lured dozens of young men into sex acts from 2008-2015, says indictment.

Mike Jeffries, Matthew Smith and Jim Jacobson were arrested on Tuesday morning

A spokesperson for federal prosecutors says former Abercrombie & Fitch CEO Michael Jeffries and two other men have been arrested on sex trafficking and interstate prostitution charges

Mike Jeffries left the company in 2014 with a retirement package valued at around £20.5m ($26m)

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Mike Jeffries, now 80, has been accused of exploiting young men for sex in cities around the world from 2009-15

Down 26% from its 52-week high, Abercrombie & Fitch trades at a compelling valuation as investors remain bullish on the retail stock.