Market Chatter: Abercrombie & Fitch Considers Finding Local Partners for China Unit

MT Newswires Live08-05

Abercrombie & Fitch (ANF) is considering options for its China business, including finding local partners to help grow the business, Bloomberg reported Tuesday, citing people familiar with the matter.

The company is working with an adviser to review its Chinese assets, and it may sell a stake in the unit, which could be valued at several hundred million dollars, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 110.01, Change: +1.19, Percent Change: +1.09

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