Abercrombie & Fitch may sell itself.

The teen apparel chain on Wednesday confirmed it is in preliminary discussions with several parties regarding a potential transaction with the company.

Abercrombie confirmed the news after Reuters reported that the retailer had hired an investment bank, Perella Weinberg Partners, to field takeover interest from other retailers.

In its statement, Abercrombie said it does not intend to make any further comments on the discussions until they are concluded. It also noted there was…