Skip to main content

Market Overview

New Documentary Accuses Ex Abercrombie & Fitch CEO, Partner Of Exploiting Young Men Around The World

Share:
New Documentary Accuses Ex Abercrombie & Fitch CEO, Partner Of Exploiting Young Men Around The World

Mike Jeffries, the former CEO of Abercrombie & Fitch (NYSE:ANF), and his partner, Matthew Smith, have been accused of exploiting young men for sex at events they hosted.

BBC conducted an investigation into alleged exploitation events that took place between 2009 and 2015 in various locations, including New York, London, Paris, Venice, and Marrakesh. The report alleges that a well-structured network used a middleman to recruit young men for these events. Eight of these men claim they were exploited or abused.

Jeffries and Smith have not responded to the allegations. Meanwhile, the middleman involved denies any wrongdoing, stating the men entered these events “with their eyes wide open”.

See Also: Plug Power Stock Is Plunging: What’s Going On?

Abercrombie & Fitch, which also owns Hollister, expressed shock and disgust at the alleged misconduct. Two independent former US prosecutors have called for an investigation into potential sex trafficking charges.

Jeffries, once one of America’s highest-paid CEOs, stepped down from A&F in 2014 amid declining sales, leaving with a retirement package worth approximately $25 million.

Read Next: Acting Speaker McHenry Orders Nancy Pelosi To Vacate Capitol Office: ‘Please Vacate The Space Tomorrow’


Engineered by Benzinga Neuro, Edited by
Pooja Rajkumari


The GPT-4 Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you.
Learn more.


 

Related Articles (ANF)

View Comments and Join the Discussion!

Posted-In: abercrombie & fitch BBC documentaryNews Media General

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com