Abercrombie and Fitch's Stock Plumetted After Banning The Situation


The Situation


The clothing company insisted that the image of the reality star wearing their collection 'may be distressing' to many of their fans.

Either a coincidence or karma, Abercrombie & Fitch market stock has gone down by 9 per cent just a day after the company announced that they would pay for The Situation not to wear their apparel. The stock hit a new low on Wednesday, August 17 in the first trading session after the no Situation policy.

A & F issued a press release, informing that they offer a "substantial payment" in return of the "Jersey Shore" star not to put on their product because he goes against "aspirational nature of its brand." Calling it a "win-win situation", the company suggests Sitch uses the money to wear other brands.

Situation, real name Mike Sorrentino, has not made any comment nor his representative. But according to TMZ's source, despite the announcement, A & F has not in any way made a financial offer to stay away from the brand.

© AceShowbiz.com


MORE FROM NEWS

Leave a Comment

Required fields are marked with *

   

TODAY'S HEADLINES

  1. Heavily Pregnant Beyonce Flaunts Massive Baby Bump When Partying in Low-Cut Dress
  2. Aaron Hernandez Allegedly Left Suicide Note for His Jailhouse Gay Lover
  3. Khloe Kardashian Flashes Lace Bra and Panties. See Her Red Hot Look!
  4. 'Outlander' Stars Sam Heughan and Caitriona Balfe Bring On-Screen Romance to Real Life in Cape Town
  5. Kurt Russell and Goldie Hawn Got Caught by Police While Having Sex During Their First Date
  6. Serena Williams Expecting Baby With Boyfriend Alexis Ohanian
  7. Kim Kardashian Flaunts Her Tempting Figure in These Bedazzled 'Bedtime' Bikini Snaps
  8. 'X-Men: Dark Phoenix' and Release Date Officially Announced
  9. Nicole Kidman Is Covered With Blood in 'The Beguiled' Full Trailer
  10. Jaden Smith Plans to Release K-Pop Single This Year

CELEBS PHOTO