Mergers and acquisitions for fashion retailers are like a crop top t-shirt: a risk best braved by a select few and avoided after a certain age.
Abercrombie & Fitch (ANF, -21.13%), the teen brand with a 125-year heritage, became the latest to demonstrate that on Monday, ending talks about a potential sale after failing to agree terms with potential suitors.
Successful deals in the mercurial world of U.S. fashion are rare, and now look even less like ly to succeed as sales dip across the board.
