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American Watch Association Elects New Officers

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Washington–The American Watch Association, an industry trade organization, has elected its new officers. Elected officers for the 2010-2011 year are as follows: Chairman, Jon Omer (DeWitt); First Vice President, David Perlman (Citizen); Second Vice President, Michael Elms (Rolex); Treasurer, Michael Benavente (Gucci); Secretary, Steven Kaiser (Kaiser Time). New directors to …

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Burlington Coat to Pay $10 Million to Settle Fendi Suit

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New York—Burlington Coat Factory’s wallet will be more than $10 million lighter due to settlement with Fendi, which sued the off-price retailer for selling knockoffs of the Italian brand’s handbags and small leathergoods. In settlement announced this week, Burlington agreed to pay Fendi $10 million following the August recommendation from …

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Macy’s Jumps into Fast-Fashion Arena

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New York–Macy’s is definitely acting on “Impulse.” The mega department store retailer is jumping on the designer collaboration bandwagon with a series of limited-edition women’s apparel lines launching next February in its Impulse department. While Macy’s does have longstanding fashion exclusives–such as Rachel Rachel Roy or Material Girl by Madonna …