New Documentary Accuses Ex Abercrombie & Fitch CEO, Partner Of Exploiting Young Men Around The World
Portfolio Pulse from Benzinga Neuro
A new documentary accuses former Abercrombie & Fitch CEO, Mike Jeffries, and his partner, Matthew Smith, of exploiting young men for sex at events they hosted between 2009 and 2015. The allegations, which have not been responded to by Jeffries and Smith, have led to calls for an investigation into potential sex trafficking charges. Abercrombie & Fitch expressed shock and disgust at the alleged misconduct.
October 04, 2023 | 3:40 am
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NEGATIVE IMPACT
The allegations against Abercrombie & Fitch's former CEO could potentially harm the company's reputation and stock price.
The allegations against the former CEO of Abercrombie & Fitch could potentially harm the company's reputation, which could in turn negatively impact the company's stock price. Investors may be wary of investing in a company associated with such serious allegations.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100