Aeropostale Inc News
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Rue21 Inc., which sells tank tops and graphic tees to teenagers at affordable prices, is shaping up to be the next target after private-equity investments in retail reached the highest amount since before the U.S. recession.
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Aeropostale Inc.’s former top merchandise executive Christopher Finazzo, who was convicted of defrauding the clothing retailer, was ordered to forfeit more than $25 million, prosecutors said.
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Aeropostale Inc.’s former top merchandise executive was found guilty of defrauding the clothing retailer by striking illegal deals with a vendor that prosecutors said enriched him by as much as $25 million.
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Aeropostale Inc.’s former top merchandise executive struck a secret business deal with one of the retailer’s largest vendors and should be convicted of fraud, a federal prosecutor told a jury.
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Aeropostale Inc.’s former chief executive officer testified that he fired Christopher Finazzo from his job as a merchandise executive in 2006 after learning about his secret dealings with a vendor.
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Bayer AG’s patent on the birth control pill Yaz is invalid, a U.S. appeals court said in a decision ensuring that Actavis Inc. and Novartis AG’s Sandoz unit can sell copies of the contraceptive.
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Former Aeropostale Inc. merchandise executive Christopher Finazzo conspired to secretly steer $350 million in purchase deals to a T-shirt vendor he co-owned with a friend, a U.S. prosecutor said at the start of a trial in Brooklyn, New York.
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Aeropostale Inc., the clothing chain for teens, is offering the biggest sales discount in America for private-equity firms seeking a deal at the mall.
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Fast Retailing Co.’s goal to make Uniqlo the world’s largest clothing retailer is turning companies from American Eagle Outfitters Inc. to Aeropostale Inc. into potential takeover targets.
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Roc Nation LLC , the entertainment company founded by Shawn “Jay-Z” Carter, was sued for trademark infringement by a California competitor.
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