Abercrombie Brings in Outsiders in Management Revamp
Abercrombie & Fitch is restructuring the management of its Abercrombie brand, as it seeks to turn around the ailing chain. The company plans to announce on Tuesday that it's creating six new positions, part of a strategy to organize executives by brand, rather than product. All but one of the new positions will be filled by recently hired outsiders. The executives will report to Christos Angelides, Abercrombie’s brand president.