Abercrombie FD's exit sees stock plummet
Announcement of Michael Kramer's departure later this year receives bad reaction from the fashion retailer's investors
Shares in Abercrombie & Fitch have fallen sharply after the fashion giant
announced that its CFO Michael Kramer is to leave later this year.
After the company said CFO Michael Kramer would be departing on 18 August,
the company’s shares fell by 8% last week as investors took a dim view of his
exit.
He is leaving to take a similar post with Kellwood Co,
CFO.com
reported.
