Teen fashion retailer Forever 21 Inc is not seeing enough growth and is turning to Wells Fargo & Co. and TPG for a $150-million-loan aide. For over a dozen years, this fast-growing retail store has won the hearts of young shoppers and wiped out rivals with its trendy fashion and affordable prices, with $7.90 jeans and $8.90 cardigans. But lately, there are reports that the company is struggling to fill productivity.
Abercrombie & Fitch Co (ANF.N) is finally shedding its traditional logo-focused apparel, clothes that made the brand one of the most sought after among teens in the past two decades.
American retail chain Abercrombie & Fitch's shares increased by 5.8% to USD35.99 per share after activist investor Engaged Capital urged the firm to change its leadership and explore a possible sale.