Abercrombie & Fitch Co. (NYSE:ANF) is working with an investment bank to field takeover interest from other retailers, people familiar with the situation said on May 9, 2017. Abercrombie's shares are trading at a 17-year low, making it a vulnerable acquisition target.

Abercrombie has hired investment bank Perella Weinberg Partners to handle the takeover approaches, the two sources said, asking not to be identified because the matter is confidential. There is no certainty that any deal will occur, the sources added. Abercrombie and Perella Weinberg declined to comment.

Abercrombie in talks with at least two suitors. Express, Inc. (NYSE:EXPR) and American Eagle Outfitters, Inc. (NYSE:AEO) are among those interested in Abercrombie, Dana Mattioli and Khadeeja Safdar of Wall Street Journal report, Citing people familiar with the discussions.