NEW YORK — Morgan Stanley has reduced its holdings in Abercrombie & Fitch Co. below the 5 percent threshold, but mutual fund giant FMR LCC has more than picked up the slack.
According to documents filed with the Securities and Exchange Commission on Friday, FMR, popularly known as Fidelity, has boosted its holdings in A&F to nearly 9.5 million shares, or 10.9 percent of the shares outstanding, since June, when it reported less than a 4 percent stake in the trendy teen retailer. Companies with a stake of 5 percent or more in a public company are required to report changes in their ownership to the SEC.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"