Business: Abercrombie's Shuts Its Doors

Need some new falconry equipment? An indoor treadmill to exercise your dog? An explorer's chain-mail suit guaranteed to deflect poisonous arrows? For 85 years, the place to go would have been Manhattan's Abercrombie & Fitch, supplier to princes and Presidents, and the self-styled "greatest sporting-goods store in the world." Alas, no longer: last week the company saddled with debts totaling nearly $8 million, gave up a 15-month struggle to reorganize under the bankruptcy laws and went into liquidation.

Following its founding in 1892 by a lawyer named Ezra Fitch and a sportsman named David Abercrombie, A & F made its name catering...

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