Report: Fashion Brand Abercrombie Explores Various Options for China Business, Including Bringing in Partners

According to insiders, fashion brand Abercrombie & Fitch Co. is exploring various options for its China business, including bringing in local partners to drive business growth. The U.S.-listed company is working with an advisory firm to conduct an assessment of its China assets. Abercrombie may sell a partial stake in its China business, which could be valued at hundreds of millions of dollars. Representatives for Abercrombie declined to comment on the options for the China business but referred to the company's announcement released in March. The announcement stated that the company is conducting a strategic review of its entire Asia-Pacific business. (Bloomberg)