Abercrombie & Fitch buyout talks crumble

Abercrombie & Fitch is no longer up for sale after the retailer failed to agree on terms with any potential buyers. The company 21 percent on Monday, hitting an all-time low in the last 17 years. The fashion retailer first announced on May 10 that it will begin talks with potential suitors. "After a comprehensive review of all relevant factors, with the assistance of our financial advisor, the A&F board of directors determined that the best path to enhance value for stockholders is the rigorous execution of our business plan," CEO Arthur Martinez.