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Abercrombie & Fitch to Launch New Anti-Counterfeiting Program

BY CSA STAFF

New Albany, Ohio, Abercrombie & Fitch announced Wednesday that the company is launching a new program to further prevent and stop the counterfeiting of its products on a global scale.

This new program will improve current practices and strategies by focusing on eliminating the supply of illicit Abercrombie & Fitch products. The Brand Protection team will also increase staff internationally and will interact with investigators, customs officials and law enforcement entities in order to stop the counterfeiting of its goods.

Shane Berry, formerly of the FBI’s Intellectual Property Rights Program, will be leading the new anti-counterfeiting program, called the Abercrombie & Fitch Brand Protection team.

Berry joined A&F in November 2005 after serving seven years as a supervisory special agent for the FBI. Prior to his role with the FBI he served as a special agent with the Florida Department of Law Enforcement.

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Ex-Wal-Mart Exec Pleads Guilty to Fraud

BY CSA STAFF

Fort Smith, Ark., Tom Coughlin, former vice chairman of Wal-Mart Stores, pleaded guilty to fraud and tax charges on Tuesday, admitting that he stole money, gift cards and merchandise from the world’s largest retailer.

Coughlin, 57, faces a maximum of 28 years in prison after pleading guilty to five counts of wire fraud and one count of filing a false tax return. He also could be fined $1.35 million. The judge ordered a presentencing report that will take up to 14 weeks to prepare. In documents filed with the court, Coughlin specifically admitted defrauding the company to pay for the care of his hunting dogs, lease a private hunting area, upgrade his pickup truck, buy liquor and a cooler, and receive $3,100 in cash.

The former executive said his guilty plea was in the best interest of his family, friends and community.

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Boscov’s Inc. Chairman, President Announce Retirement

BY CSA STAFF

New York City, Boscov’s Inc. chairman Edwin Lakin and president Albert Boscov announced their retirements Monday from the $1.1 billion retail company. Boscov, 76, is the son of Solomon Boscov, a Russian immigrant who founded the chain in 1911 by selling goods from a horse-drawn wagon.

Ken Lakin, the son of Edwin Lakin and nephew of Albert Boscov, who has been running the department stores as CEO, was named chairman and CEO of the corporation, the holding company for the department stores.

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