Abercrombie & Fitch’s attempted move to Ohio from Delaware collapsed today after it was concluded it did not have support for the move, according to Reuters.
There’s some speculation the move might be to protect the firm from a private equity takeover, as in Ohio there are more legal barriers to such a move. The firm argues its about getting its corporate location closer to its actual headquarters.
J. Crew was previously taken over in a private equity deal, though that deal has run into some snags.
Abercrombie could be a buyout target, after it almost doubled its fourth-quarter earnings earlier this month and saw increases in its same-store sales and international revenue.