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Plaintiffs in 14 lawsuits call Sean Combs a rapist, including eight who sued in the past two weeks. Defense lawyers have already signaled that this will be a line of attack against "Victim-1." Related stories"There's 30 million reasons" to doubt her credibility, Combs attorney Marc Agnifilo told a judge during bail arguments last month. In court papers relating to the criminal case, defense attorneys have used the words "false" and "outright absurd" in referring to the lawsuits' allegations. Experts said Combs' defense lawyers will try to impugn the financial motives of not only any plaintiffs who take the stand in May but also their lawyers.
Persons: Sean Combs, Combs, , Sean, Diddy, Michael Farkas, Farkas, Cassandra, Cassie, Ventura, Douglas Wigdor, Marc Agnifilo, Stacey Richman, Jay, Lil Wayne, Richman, Jane Doe, Tony Buzbee, Michael Bachner, Bachner, Rodney, Rod, Jones, Tyrone Blackburn, Blackburn, Liza Gardner, Adria, Buzbee Organizations: Service, New, Defense, Buzbee, US, VMA, UMG, Motown Records, Universal Music Group, New York Locations: New York, Bronx, Manhattan, Los Angeles, Las Vegas, Alabama, Houston, Brooklyn
In today's big story, inside Amazon's internal pitch for turning to nuclear power to meet its growing energy needs . AdvertisementThat's led Big Tech to consider nuclear power to address its skyrocketing energy requirements. Nuclear power ticks that box better than other clean energy options like solar or wind. Nuclear power, meanwhile, is an industry in desperate need of some love , BI's Daniel Geiger and Ellen Thomas previously reported. From advertising platforms to AI tech companies, here's the startups to watch .
Persons: , Jocko Willink, we've, Jenny Chang, Rodriguez, That's, Business Insider's Eugene Kim, Andy Jassy, it's, Sam Altman, Eugene, BI's Hasan Chowdhury, BI's Daniel Geiger, Ellen Thomas, Jim Burke, Vistra, Chelsea Jia Feng, Elon Musk, Jean Boivin, He's, Marc Benioff isn't, bashed, Miles Brundage, OpenAI, Emma Tucker's, Tucker, Mike Jeffries, SpaceX's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi Organizations: Business, Service, Navy, Big Tech, Amazon, Microsoft, Google, Keystone, Hulton, Constellation Energy, Getty, EV, BlackRock Investment Institute, San Francisco, BI, AGI, Abercrombie, Fitch Locations: Fukushima, Pennsylvania, Arizona, New York, London
The lack of uniformity allows both firms and employees to present themselves in the best light. This lack of uniformity and the relentless war for talent has firms and employees alike taking advantage of the ambiguity. Rokos has two dozen employees with the title "investment officer" in their LinkedIn profiles. At Coatue, executives sign off on what employees put as their title on LinkedIn, people familiar with the firm's operations said. Members of Tiger Global's front-office team use "investor" as their title on LinkedIn instead of a more specific role.
Persons: , David Einhorn's, James Fishback, Morgan Stanley, Goldman Sachs, Ken Griffin, Gerald Beeson, Sjoerd, Google's Paul Darrah, Jose Gamez, Rokos, Chris Rokos, Paul Enright, Townie Wells, Enright, Jain, Tiger, Marshall Wace, D.E, Shaw, allocators, Elliott, Don Steinbrugge, Steinbrugge Organizations: Service, Goldman, Bloomberg, Business, Industry, Citadel, Citadel Securities, Jain, Townie, Viking Global, Sigma, Fund, Talent, Agecroft Partners Locations: Greenlight, Miami, Palm Beach, London, Wells, Coatue
Home Depot cofounder and billionaire Arthur Blank joins business leaders supporting Harris. The group "Business Leaders for Harris" also includes Mark Cuban, Reid Hoffman, and Reed Hastings. AdvertisementA group of prominent business leaders supporting Vice President Kamala Harris is expanding its ranks to include Arthur Blank, co-founder of Home Depot and owner of the Atlanta Falcons. In a statement about joining Business Leaders for Harris, Blank celebrated Harris' commitment to his core value of inclusion. In addition to Blank, Fulbright Bank chairman and former Democratic congressman John Delaney joined Business Leaders for Harris.
Persons: Arthur Blank, Harris, Mark Cuban, Reid Hoffman, Reed Hastings, , Kamala Harris, Bernie Marcus, Donald Trump's, Marcus, MAGA, Marc Andreesen, Bill Ackman, Elon Musk, Trump, She's, Blank, John Delaney Organizations: Trump, Service, Home Depot, Atlanta Falcons, titans, Netflix, GOP, Depot, Blank, Business, Fulbright Bank, Democratic, YouTube Locations: Pennsylvania , Michigan, Wisconsin
The campaign also spent a little more than $43,000 on Ubers since August 2022. D’Esposito campaign spokesman Matt Capp called the five-figure Uber charge “a filing error which will be corrected and does not represent an Uber invoice.”In one eyebrow-raising section of the filings, the campaign spent nearly $600 for a hostel in Edinburgh, Scotland, on Memorial Day this year. But there is no clear connection between much of the D’Esposito campaign’s spending at those establishments and official campaign fundraising events. Santos was expelled from Congress in December of last year and recently pled guilty to aggravated identity theft and wire fraud charges stemming from, among other things, misusing campaign funds during his 2022 midterm campaign. The FEC, an agency charged with enforcing campaign finance laws, keeps records of donor contributions and spending by campaigns and outside political groups.
Persons: Anthony D’Esposito’s, D’Esposito, unethically, Republican congressman’s, Matt Capp, , ” Capp, Capp, D’Esposito “, , , ’ ”, Dan Weiner, Brennan, ” Weiner, George Santos, Santos, Laura Gillen, itemize, Robert Gies, Gies, ” Saurav Ghosh, ” Ghosh Organizations: CNN, New York Rep, New York Times, Republican, , New York Police Department, New, Republicans, FEC, Capitol, Representatives, Federal Locations: steakhouses, Edinburgh, Scotland, South Shore, ” Long, New York City, New York, Gies
Here's how the process could work and what Wall Street bankers stand to gain. AdvertisementAs third-quarter earnings demonstrated, Wall Street dealmaking appears to be bouncing back after three years of lackluster activity. Spokespersons for both Goldman Sachs and Morgan Stanley declined to comment or confirm their reported participation in the project. The two investment bankers – neither of whom are affiliated with Goldman, Morgan Stanley, OpenAI, or Microsoft — requested anonymity to preserve industry relationships. Largely speaking, however, Wall Street is poised to win, Roberts said.
Persons: Goldman Sachs, Morgan Stanley, , OpenAI, , Morgan Stanley's, PwC, Michael Roberts, Morgan, Roberts, Wharton, dealmaker, Sam Altman, Altman, Elon Musk, Reed Alexander Organizations: Service, Wall Street Journal, Microsoft, The, BI, Wharton School, University of Pennsylvania, Goldman, Wall Street, Wharton, dealmakers, Apple, Tesla Locations: San Francisco, Silicon Valley
But South Korea remains wary of getting involved in the Ukraine war. GAVRIIL GRIGOROV via Getty ImagesSouth Korea hesitatesSignificant obstacles stand in the way of South Korea arming Ukraine, though. Chan said South Korea's President Yoon Suk-yeol was domestically unpopular and would encounter difficulties repealing the law via South Korea's center-left-dominated National Assembly. AdvertisementBut the escalating alliance between Russia and North Korea may soon reach a point where South Korea feels it needs to act. Because of Russia's increasing reliance on North Korea, Kim finds himself in a powerful position to negotiate sophisticated technology in return.
Persons: , Yonhap, Jeremy Chan, Chan, Ellen Kim, Kim, Lloyd Austin, Kim Jong, Russia's Vladimir Putin, GAVRIIL GRIGOROV, Yoon Suk, yeol, Kim Jong Un, Joon Cho, Yoon, Sean McFate Organizations: Russia, Service, Security Council, South, Eurasia Group, Center for Strategic, International Studies, North, US, Getty Images, National, National Assembly, Kremlin, Georgetown University Locations: Korea, Ukraine, South Korea, North Korea, Russia, Seoul, Korean, China, Asia, Poland, Washington ,, Kyiv, Pyongyang, South Korea's, South, Moscow
The mayor of Waukesha, the seat of a reliably Republican county outside Milwaukee, Wisconsin, endorsed Vice President Kamala Harris for president on Wednesday — the first time the formerly Republican city leader is supporting a Democrat for commander in chief, the campaign said. Wisconsin is a key battleground state that could be a critical piece of Harris or Trump's path to victory on election night. In 2000, just 32% of voters in Waukesha County voted for Democratic presidential nominee Al Gore, while in 2020 39% of voters there supported President Joe Biden. On Thursday, GOP former Michigan Rep. Fred Upton also endorsed Harris, saying in a statement that he has never voted for a Democrat for president "until now." Other former GOP members of Congress that have endorsed Harris include Liz Cheney, R-Wyo and Adam Kinzinger, R-Ill. Harris also touts endorsements from GOP former Sen. Jeff Flake, former Vice President Dick Cheney, more than a hundred Republican former national security officials, former Georgia Lt. Gov.
Persons: Kamala Harris, ” Reilly, Harris, Reilly, Donald Trump, , Milwaukee’s, Joe Biden, Trump, Al Gore, George Bush, Biden, Fred Upton, Upton, Liz Cheney, Adam Kinzinger, Sen, Jeff Flake, Dick Cheney, Gov, Geoff Duncan Organizations: Wednesday, Republican, Milwaukee’s Fox News, Republican Party, U.S . Capitol, haven't, Democratic, Trump, GOP, Michigan Rep Locations: Waukesha, Milwaukee , Wisconsin, Wisconsin, Milwaukee, Waukesha County, Georgia
Donald Trump pumps his fist as he is rushed offstage during a rally in Butler, Pa., on July 13. "Kamala has failed over the last four years and only President Donald J. Trump can fix the problems that are facing our nation," Trump campaign senior adviser Danielle Alvarez said in a statement of the closing argument. “Under Harris’ time in the White House, our nation’s strength has been squandered," a Trump campaign adviser said. But there's a tension between the focus Trump’s campaign has kept on those issues and his desire to wander into different territory. Only President Trump cut middle-class taxes, and only President Trump will do it again.”Brad Todd, a Republican strategist who isn’t working for Trump, said the spot "does a great job of channeling the overarching current that can push him over the line" by arguing that "America's on the wrong track and you can't keep the same people in charge."
Persons: Donald Trump, Anna Moneymaker, Trump, Kamala Harris, Kamala, Donald J, Danielle Alvarez, Joe Biden, Harris, Israel —, Biden —, Harris —, ” Trump, Biden, , , Arnold Palmer's, ” Brad Todd, Todd Organizations: Democratic, Trump, NBC, , Economic, of Chicago, Republican Locations: Butler, Pa, New York, Gaza, Ukraine, Iran, East, Russia, China, U.S, North Carolina
Quiboloy, 74, denied the claims, saying: “There is no truth to what they said.” He challenged the accusers to file charges regarding the new allegations. Teresita Valdehueza told senators she left the church after 19 years of membership in 1999 due to the alleged abuse. “If you say I do not want, he will say you did not overcome your flesh. Quiboloy was arrested last month after thousands of police officers searched his sprawling compound in the southern city of Davao. Former President Duterte and his daughter, Vice President Sara Duterte, have accused the police of rights violations and abuse of power in arresting Quiboloy, widening the rift between the Duterte family and President Ferdinand Marcos Jr.’s administration.
Persons: Apollo Quiboloy, , God ”, of Jesus Christ, , Teresita Valdehueza, God, ” Valdehueza, undressed, ” Yulya, Quiboloy, Tartova, Rodrigo Duterte, Duterte, Sara Duterte, Ferdinand Marcos Jr Organizations: Federal Bureau of Investigation Locations: MANILA, Philippines, Philippine, of, Ukrainian, Davao, United States
EV supporters point to dozens of new EV and battery plants announced in Michigan in the last two years. Political strategists told Business Insider that the anti-EV messaging was drowning out positive ones in Michigan, putting Democrats on the defensive in a critical battleground. "We've run some advertising trying to make the massive surge of new EV manufacturing at jobs in Michigan famous, because nobody knows about them," Murphy said. But that analysis didn't account for jobs created by new EV and battery manufacturing plants popping up across the country. Democrats are hitting back on Republicans' EV attacks, arguing that the US has to build its own domestic EV manufacturing base to compete with China.
Persons: , Donald Trump, Mike Rogers, Kamala Harris, EVs, they've, Mike Murphy, Murphy, Biden, Murphy's, Rogers, Harris, Shawn Fain, Trump, Sen, JD Vance, Fain, POLITICO's, Elissa Slotkin Organizations: EV, Service, Michigan Republican, Senate, Trump, Republicans, Biden, Environmental Protection Agency, Washington Post, Policy Institute, United Auto Workers, E News, Republican National Committee, Democratic, Rogers Locations: Michigan, China, North Carolina, Georgia, Europe, South America
Some longtime Intel employees are eligible for up to 19 months of severance. After years of layoffs, buyouts, and even one temporary pay cut, many employees have thought about what they might do after Intel. BI spoke to three former Intel employees who are using the company's hard times as an opportunity to upend their lives. Over his 24 years at Intel, Guha used his spare time to develop a wealth management strategy based on the philosophies of Warren Buffet. Lessons learned at IntelThough several departing Intel employees expressed some frustration with the current state of the company, they still believe it can be successful.
Persons: , Shi Choong, she's, Choong, It's, Javier Apostol, Apostol, he's, Sumit Guha, Guha, Warren Buffet, He's, sabbaticals Organizations: Intel, Service, Business, IRS, AARP, Engineers Locations: Portland, Oregon, San Francisco Bay, Puerto Vallarta, Mexico, Arizona, Yuma County , California, formalwear
South Florida men’s basketball coach Amir Abdur-Rahim died Thursday while undergoing a medical procedure, the school confirmed. “All of us with South Florida Athletics are grieving with the loved ones of Coach Abdur-Rahim,” athletic director Michael Kelly said in a statement. Coach Abdur-Rahim leaves a lasting impact on our student-athletes, the University, and the community.”AdvertisementAbdur-Rahim was seen as a rising star in the profession and a potential major program coach. “In a very short time, Coach Abdur-Rahim made an indelible impact on the University of South Florida,” school president Rhea Law said. “Throughout my time working with Coach Abdur-Rahim, I was continually inspired by his leadership, and truly admired his sincere approach to connecting with our entire student body.
Persons: Amir Abdur, Rahim, Abdur, Michael Kelly, Rhea Law, ” Corey Staniscia, , Staniscia, “ I’m, ” Staniscia, , ” Abdur, Arianne Buchanan, Laila, Lana, Aydin, Shareef, Edward Waters, Chris Jones Organizations: Florida men’s, South Florida Athletics, Bulls Nation, University, Bulls, American Athletic Conference, South, Kennesaw State, Southeastern, University of South, Starbucks, NBA Locations: Tampa, South Florida, Georgia, Southeastern Louisiana, Texas, University of South Florida
Top 10 things to watch Thursday, Oct. 24 CNBC's Matthew J. Belvedere with the help of Jeff Marks wrote this dispatch. Tesla shares were jumping 14.5% and leading the Nasdaq toward a higher open after the EV maker beat on quarterly earnings per share (EPS). Club industrial stocks Honeywell and Dover were dropping after issuing quarterly results. Semiconductor equipment maker Lam Research beat on quarterly earnings and revenue and its stock jumped 5%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Matthew J, Jeff Marks, Stocks, Jensen Huang, TSMC, Oppenheimer, Boeing machinists, Gary Kelly, Bob Jordan, EBITDA, Jim Cramer's, Jim Cramer, Jim, Ritzau Scanpix, Mads Claus Rasmussen Organizations: Nasdaq, Elon, Honeywell, Dover, Nvidia, Blackwell, Semiconductor, Lam Research, Boeing, Southwest Airlines, Elliott Investment Management, United Parcel Service, International, Mobile, Jim Cramer's Charitable, CNBC, EIFO, NVIDIA, Vilhelm, Via Reuters Locations: India, Southwest, Kastrup, Denmark
A Southwest Airlines plane takes off from Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, July 12, 2024. Southwest Airlines third-quarter profit fell from a year ago but topped Wall Street estimates while the carrier workers to drum up revenue and fend off activist investor Elliott Investment Management. "Thus far in the quarter, travel demand remains healthy and bookings-to-date for the holiday season are strong, demonstrating the continued resilience of the leisure travel market," Southwest said in an earnings release. Southwest said Thursday that it will repurchase $250 million of Southwest stock through an "accelerated" program under the overall buyback plan. Net income fell 65% from the year-earlier quarter to $67 million, or 11 cents a share, though that was ahead of estimates.
Organizations: Southwest Airlines, Hartsfield, Jackson Atlanta International, Elliott Investment Management, Southwest Locations: Atlanta , Georgia, Dallas, Atlanta
A federal judge blocked Tapestry's acquisition of Capri on Thursday following a brief trial last month in New York. Representatives for Tapestry and Capri didn't immediately return requests for comment. The decision will ensure that Tapestry and Capri continue to engage in head-to-head competition to the benefit of the American public." The decision comes as consumers balk at high prices for food, apparel and other goods after years of elevated inflation. Lawyers for Tapestry and Capri argued the companies are not each other's main competitors.
Persons: Jennifer Rochon, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, Michael Kors, Capri's, didn't, Henry Liu, Biden, Kamala Harris, Lina Khan, Capri, , Melissa Repko Organizations: Federal, Tapestry, Federal Trade Commission, FTC, Competition, Democratic Locations: Capri, New York, FTC's
Emma Tucker became The Wall Street Journal's first-ever female editor-in-chief in 2023. So we're doing things to make our audiences engaged, rather than thinking about "this is how we do things." What's not useful to Wall Street Journal readers? I mean, the amount of time that people spend reading The Wall Street Journal has gone up. And the one thing I can say with absolute certainty is there is a place for Evan at The Wall Street Journal.
Persons: Emma Tucker, Joe Biden's, Evan Gershkovich, , Murdoch, Joe Biden, Weeks, Biden, Tucker, Joe, It's, Mike Johnson, Kevin McCarthy, I've, there's, You've, We've, We're, we've, you've, Evan Organizations: Service, Sunday Times, Washington, Wall Street, Street Locations: Joe Biden's, England, Russia
However, slower-than-expected adoption of EVs and higher costs have led it to change course and include extended-range electric vehicles, or EREVs. Scout Terra pickup truck conceptKeogh said Scout added EREVs to better protect the brand from any market volatility amid less-than-expected consumer demand for EVs. Interior of Scout Traveler SUV concept ScoutBoth the Traveler and Terra are expected to start between $50,000 and $60,000 with available incentives, according to Scout. It's larger than Jeep's well-known Wrangler, which is currently available as a plug-in hybrid electric vehicle. Scout Traveler SUV concept
Persons: Scott Keogh, Keogh, Scout, Ford, Stellantis Organizations: Scout, NASHVILLE, — Volkswagen, Scout Motors, CNBC, EV, Lucid, VW, International, American, Ford Bronco, Toyota Land, Ford, General Motors Locations: Tenn, American, U.S, South Carolina, Scout's South Carolina, Canada, U.S ., Nashville , Tennessee
Finix is a startup that works with merchants so they can accept and manage payments. On Thursday, it raised a $75 million Series C that included Lightspeed Ventures and Acrew Capital. AdvertisementSome of the industry's biggest fintech investors just backed an up-and-coming payments startup challenging Stripe and Square. The San Francisco-based startup raised $75 million in a Series C funding round, the company announced Thursday. AdvertisementFinix processes billions of dollars every month for tens of thousands of merchants, Serna said.
Persons: , Richie Serna, Finix, Serna, " Serna Organizations: Lightspeed Ventures, Acrew, Service, Acrew Capital, Lightspeed Venture Partners Locations: San Francisco, Finix's, Serna
A person close to the campaign said that at this moment, having Clinton on the campaign trail might not be the most helpful move, since it needed to focus on its core messages. Clinton is expected to do at least one event for the Harris campaign in the final week of the election, according to two people familiar with the planning, though an event has not been announced. It is unclear if Clinton will appear alongside the vice president on the campaign trail. A Harris campaign official said Clinton will campaign for the vice president in the final stretch of the race. “Hillary Clinton said, ‘I’m With Her,’ and they were not,” the Harris aide said of voters.
Persons: WASHINGTON, Kamala Harris, Hillary Clinton, Harris, Clinton, Harris ’, she’s, “ Kamala, ” Clinton, ” Harris, , Donald Trump, Trump, , Hillary Clinton —, Bill Clinton, , “ Hillary Clinton, Organizations: Democratic National Convention, NBC News, Democratic, , Trump, White, Republican, Washington , D.C, Trump White House Locations: Pennsylvania, North Carolina, Michigan, Georgia, Washington ,
But the unspeakable violence inflicted on this community has spurred a very public purpose for the family: bringing awareness to traumatic brain injuries among military members and a call to action for continued research. Other family members also alerted local law enforcement, which visited Card's home in the weeks before the shooting but did not make contact. Maine's medical examiner requested a postmortem study of Card's brain, which was conducted by the Boston University CTE Center. Through Card's brain being examined after his death, Herling learned about so-called brain banks, a collection of donated brain tissue used for research and education. "Here, I brought the very helmet meant to safeguard my brother's brain," she said, showing the commission the military headgear.
Persons: cornhole, Nicole Herling, Robert Card, Nicole, James Herling, Card, Herling, James, Craig F, Walker, Lester Holt, Chris Nowinski, We're, Nowinski, Ryan Card, It's, Leroy Walker Sr, who've, Joseph Walker, They're, it's, Robbie, Brenda Breslauer, Erik Ortiz Organizations: Army, NBC, Army Reserve, Boston University CTE Center, Boston University, Boston Globe, Getty, NBC News, Brain Bank, Department of Veterans Affairs, Department of Defense, Defense Department, Schemengees Locations: LEWISTON, Maine, Lewiston, Afghanistan, Iraq, Auburn , Maine, Boston, West Point , New York, New York
Between the time it takes to process mail ballots and deal with provisional ballots in some battleground states, votes will not be fully tabulated on election night. Projections of who won a close presidential race might not come for days, similar to the 2020 election. The sources all noted they did not have direct knowledge that this was a formal Trump campaign plan. The Trump campaign did not respond to a request seeking comment. In 2020, Trump quickly proclaimed victory on election night, even though he ultimately ended up losing to Joe Biden.
Persons: Kamala Harris, Donald Trump’s, Seven Harris, , Trump, ” Harris, Donald Trump, , , Joe Biden, there’s, “ I’ve, ” “, ” Al Schmidt, Harris, Rudy Giuliani, “ That’s, Susie Wiles, Chris LaCivita, ’ ” Roger Stone, James Baker, George W, Bush, Joseph Kennedy, John F, Kennedy, Stone, ” Stone, , Biden, Harris ’, ” Trump Organizations: NBC, Trump, NBC News, United States Capitol, Republican, CBS, New, Locations: Pennsylvania, Wisconsin, Wisconsin , Michigan, Georgia, Pennsylvania’s, North Carolina, New York City
“It’s incredible,” Payton II told NBC News. One might be Payton II, the son of longtime Seattle SuperSonics star Gary Payton, a member of the NBA’s 75th Anniversary Team. Golden State faced Los Angeles twice in the preseason, and Payton II made sure to go over to the younger James pregame to offer a few words of advice. Rarely do players with those statistics get drafted by an NBA team, but the Lakers took Bronny in the second round with the 55th overall pick. That idea of feeling undeserving is something Payton II experienced growing up.
Persons: Gary Payton II, Bronny James, , — LeBron James, ” Payton, , Payton II, Gary Payton, James, LeBron James wasn’t, Payton, Larry Nance Jr, Nance Jr, , don’t, Jett Howard, Juwan Howard, ” Howard, It’s, Martin, Star Kenyon Martin, Bronny, ” Martin, I’m, LeBron, Hey, ’ ” Nance Jr, Anthony Davis, JJ Redick, won’t Organizations: ANGELES, Golden State Warriors, Los Angeles Lakers, NBC News, Seattle SuperSonics, Golden State, Los Angeles, Sierra Canyon High School, USC, Trojans, NBA, Lakers, Atlanta Hawks, ” Orlando Magic, ” 76ers, K.J, G League, Warriors Locations: Las Vegas, Sierra, Southern California, Los Angeles
“We are a positive, inclusive brand, with a nice sensibility, very different from what they encountered in the past,” Fran Horowitz, now Abercrombie’s CEO, said in 2016. Today, Abercrombie’s stores are lighter than they once were and its clothes are looser. Abercrombie’s sales have grown and its stock has increased more than 400% since Jeffries stepped down as CEO. But retail analysts say that Abercrombie’s brand won’t be hurt by the indictment because of how much separation Abercrombie has been able to create from its former CEO. Older Abercrombie customers who remember the brand’s sexualized marketing have accepted Abercrombie’s rebrand, while a new generation of customers are too young to remember the old era.
Persons: Fitch, Mike Jeffries, Jeffries, Abercrombie, , ” Fran Horowitz, Jeffries ’, , ” Jeffries, Fran, Marni Shapiro, Neil Saunders, Shapiro, Papa John’s, Shaq, John Schnatter, Chip Wilson, Wilson, Lululemon, CNN’s Brynn Gingras, Kara Scannell, John Towfighi Organizations: New, New York CNN, Abercrombie, Attorney, Eastern, of, XXL, Netflix, Fitch, Penske Media, GlobalData, CNN Locations: New York, Peace, U.S, of New York
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