January 19, 2017  

Abercrombie and Fitch's Stock Plumetted After Banning The Situation

August 17, 2011 (7:34 pm) GMT
The clothing company insisted that the image of the reality star wearing their collection 'may be distressing' to many of their fans.
The Situation

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 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 "" 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.

TODAY'S HEADLINES

  1. People's Choice Awards 2017: 'Outlander' Leads the Full TV Winner List
  2. Brad Pitt Reportedly Moving In With Kate Hudson Amid Angelina Jolie Divorce
  3. People's Choice Awards 2017: 'Finding Dory' Leads Movie Winners
  4. Janelle Monae and Maxwell Are Set to Perform at Women's March
  5. Nicole Kidman Reportedly Expecting a Baby at 49
  6. Julia Roberts Joins 'Smurfs: The Lost Village'. Get the First Look!
  7. Ryan Lochte Unveils Baby's Sex, Dishes on Wedding Plans With Fiancee Kayla Rae Reid
  8. Road to Reconciliation? Kris and Caitlyn Jenner Are Reportedly in Joint Therapy