Snow job?

December 8, 2003

It will be interesting to see how Abercrombie & Fitch (ANF) will handle its legal disclosure in the Q that should be out any any day now. Last night, 60 Minutes did a long piece on the lawsuit filed by a former employee claiming that the company discriminated when it came to hiring non-white salespeople. In the Q filed back in September, ANF devoted a single paragraph to the lawsuit. But since then, several large media outlets have written about the suit, which makes it a lot harder for the company to tell its investors that this is just a routine lawsuit.

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