NEW YORK — A Justice Department dragnet, laid to catch members of an alleged cartel that aimed to fix prices in the polyester staple industry, snared another major chemical company Thursday.
KoSa and one of its executives entered guilty pleas to federal charges of conspiring to fix prices in a U.S. District Court in Charlotte, N.C. The company agreed to pay a $28.5 million fine, while the executive, Troy F. Stanley, agreed to a $20,000 fine and an eight-month prison sentence.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)