Seeking Alpha

Engaged Capital is still on Abercrombie & Fitch's back

  • Engaged Capital calls the move by Abercrombie & Fitch (ANF +5.7%) to split the role of CEO and Chairman a good first step, but doesn't look it will go completely quiet on the retailer's turnaround.
  • "These reactive changes alone will not be sufficient to put the co back on a course towards creating shareholder value," warns the hedge fund.
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