ABERCROMBIE ACTIVIST HIRES ADVISERS: Engaged Capital, the investor in Abercrombie & Fitch Co. that’s been agitating for change at the teen specialty chain, has hired advisers to aid in its efforts to set a new direction at the retailer.
The unnamed professional services firm is experienced in the retail and apparel sector, including the turnaround of underperforming businesses, Engaged said. Engaged also said it hired Okapi Partners as its proxy solicitation firm to help it in its efforts to elect five candidates to the Abercrombie board at its 2014 annual meeting of stockholders.
This story first appeared in the March 21, 2014 issue of WWD. Subscribe Today.