The Latest Breaking News from Abercrombie

Mike Jeffries arrested in “one of the most organized sex trafficking operations in United States history,” authorities said on Tuesday.

The former chief executive of the Abercrombie and Fitch clothing empire has been arrested and charged with the trafficking of male models for sex parties around the world, US prosecutors said Tuesday.

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.

Abercrombie & Fitch stock is spiraling Wednesday even as the retailer's Q2 results came in higher than expected and it raised its full-year forecast.

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