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

  • Yolanda Foster chops off her locks...check out her new 'do - US Weekly
  • Rapper Riff Raff says Justin Bieber is totally sober - TMZ
  • SNL pokes fun at Taylor Swift's girl squad - Gossip Cop
  • Ariel Winter and her boyfriend share a sweet kiss at Teen Vogue's party - Just Jared Jr
  • Kim Kardashian has been helping Caitlyn Jenner with her makeup routine - Radar
  • Anna Faris and Chris Pratt's son gave a penguin the coolest name - Huffington Post
  • Just how tall is Jake Gyllenhaal?- Lainey Gossip
  • Hilary Clinton stops by Saturday Night Live - The Hollywood Reporter
A Member of Townsquare Entertainment News | Advertise here