Top Stories

Abercrombie & Fitch Stock Falls After Offer to The Situation

Abercrombie & Fitch Stock Falls After Offer to The Situation

Abercrombie & Fitch has experienced a sharp decrease in its stock after offering to pay The Situation and his Jersey Shore co-stars to stop wearing its clothes.

The day after the clothing company issued a press release with its offer, its stock plummeted 9%, according to TMZ.

While the A&F shareholders are probably stressing out, the company’s CEO Michael Jeffries said he is having fun with the “situation.”

“Last Friday morning I was with a group of people here and someone came up to me and said ‘Mike, I have terrible, terrible news for you. Last night on Jersey Shore the Situation had A&F product on,’ So we all said, ‘Ahhh, that’s terrible.’ What are we going to do about it?” Jeffries said in a conference call on Wednesday (August 17).

“That’s how it happened. That’s where we are and we’re having a lot of fun with it,” he added.

Like Just Jared on Facebook

JJ Links Around The Web

Wenn
  • Alyssa Milano shares an adorable video of herself getting dolled up - US Weekly
  • Shark Tank star Robert Herjavec is getting a divorce - TMZ
  • Watch Corey Kent White's audition on The Voice- Gossip Cop
  • Sasha Pieterse has dyed her hair brown- Just Jared Jr
  • O.J. Simpson is afraid of dying in prison- Radar
  • Jon Gosselin was the DJ at an empty bowling alley- Huffington Post
  • Read a review of Jennifer Lawrence's new film Serena- Lainey Gossip
  • Chris Rock slams the Jackie Robinson biopic 42- The Hollywood Reporter
A Member of Townsquare Entertainment News | Advertise here