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Ex-Aeropostale exec gets eight years prison sentence over kickbacks
New York -- Christopher Finazzo, former executive VP and chief merchandising officer for Aeropostale, has been sentenced to eight years in prison after being convicted of defrauding the company and taking more than $25 million in kickbacks from a key vendor.
Finazzo, who was found guilty in April 2013 of 14 counts of mail fraud, wire fraud and conspiracy, was also ordered to forfeit more than $25 million and pay the company $13.7 million in restitution.
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Dollar General digs in as Family Dollar rebuffs takeover bid
New York -- Family Dollar said it favors a smaller deal with potential buyer Dollar Tree, and firmly rejected an offer for takeover by larger competitor Dollar General.
Following an $8.5 billion offer last week by Dollar Tree, Dollar General offered a $9 billion, all-cash deal.
