In this Issue:

Michael Jeffries, 70, was the creator and chief executive officer of the modern-day Abercrombie, a $4 billion retail company with three brands and about a thousand stores in 19 countries. He controlled virtually every aspect of the company for the past 22 years, living and breathing the brand, and building an empire of cool based on preppy, well-made, expensive clothes, worn low and tight. But teens’ shopping habits changed and he didn’t, severely damaging Abercrombie’s profits. When Jeffries was finally ousted in December, no one was surprised but him. Take a look for yourself.

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