Abercrombie and Fitch Co. - 1915-20's circa Famous Clothing Co. Unissued Stock Certificate - Famous Clothing Company
Inv# GS1307 Stock
Unissued Preferred Stock. Legendary clothing stores. Vignette of Indians overlooking mountainside and deer. Mint Condition! Rare! Abercrombie & Fitch (A&F) is an American lifestyle retailer that focuses on casual wear. Its headquarters are in New Albany, Ohio. The company operates three other offshoot brands: Abercrombie Kids, Hollister Co., and Gilly Hicks. As of February 2020, the company operated 854 stores across all brands.
The original Abercrombie & Fitch was founded in 1892 in New York City by David T. Abercrombie as an outfitter for the elite outdoorsman. Ezra Fitch—a wealthy lawyer, real estate developer, and devoted Abercrombie customer—bought a significant stake in the business in 1900. In 1904, it was incorporated and renamed "Abercrombie & Fitch Co." Fitch eventually bought out Abercrombie's share of the business, becoming its sole owner from 1907 to 1928. The company was an elite outfitter of sporting and excursion goods, particularly noted for its expensive shotguns, fishing rods, fishing boats, and tents At one time, it had outfitted Theodore Roosevelt's safari and Adm. Richard E. Byrd's expedition to Antarctica. Ernest Hemingway was also a regular customer; the gun with which he committed suicide in 1961 was purchased from Abercrombie and Fitch. Following Hemingway's death, his wife placed several of his guns on consignment with the company.
By the 1970s, A&F was struggling to compete with lower priced competitors while trying to maintain its high-end image. It was known for holding an extensive inventory of lavish items, but high operating expenses forced A&F to shed its highest priced items, such as an $18,000 (equivalent to $125,599 in 2021) gold and onyx chess set. Cash flow problems forced the company to also cut its inventory of moderately-priced products. Read more at https://en.wikipedia.org/wiki/Abercrombie_%26_Fitch
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
Ebay ID: labarre_galleries