After just over a year, Angelides is fired from Abercrombie & Fitch.
Horowitz is promoted to president of Abercrombie & Fitch. Executive Chairman Martinez:
Fran’s merchandising skills and her exceptional leadership, which has inspired associates to focus all their efforts on an intense understanding and commitment to our customers, has ignited a turnaround at our Hollister brand. This promotion provides Fran the opportunity to play an even greater role in our future success as we focus on building shareholder value by positioning each of our brands for sustainable growth.