Michael Jeffries Steps Down

Most of us grew up with loving the clothes brand Abercrombie & Fitch the brand that has been around so long but has faced much scrutinizing from so many.

However, after two decades, Michael Jeffries, the controversial figurehead of Abercrombie & Fitch, has retired as chief executive.

With new and upcoming brands like H&M and Forever 21 Jefferies says they have been struggling and now seems like a good time for a new chef to step forward.