Abercrombie & Fitch has distanced itself from its former CEO, Mike Jeffries, who is facing federal sex trafficking charges.
The company is cooperating with law enforcement and has a zero-tolerance policy for abuse, harassment, or discrimination.
The charges against Jeffries and his associates stem from incidents that allegedly occurred during his time at Abercrombie.
The company is committed to supporting the victims and creating a safe and respectful environment.
Under the current leadership, Abercrombie has undergone significant transformation, focusing on inclusivity and values.
The allegations have affected the company's stock performance, and the outcome of the legal proceedings will have implications for its reputation and financial standing.
Abercrombie's response to the allegations will be closely watched by consumers and investors.