The recently retired chairman of the company that runs Macy's, Bon-Macy's and Bloomingdale's department stores was indicted yesterday on charges that he lied to state antitrust...
NEW YORK — The recently retired chairman of the company that runs Macy’s, Bon-Macy’s and Bloomingdale’s department stores was indicted yesterday on charges that he lied to state antitrust investigators probing an alleged boycott of big-box retailer Bed, Bath & Beyond by upscale tableware manufacturers.
James Zimmerman, 61, was arraigned and pleaded not guilty to felony perjury charges in Manhattan state court. He was released on a $50,000 personal-recognizance bond. Zimmerman retired last year as chairman of Cincinnati-based Federated Department Stores.
The charges stem from a sworn statement Zimmerman gave to the office of New York state Attorney General Eliot Spitzer, which was investigating allegations that Federated and May Department Stores had violated the state’s antitrust law by conspiring to keep Waterford, Wedgwood and other manufacturers from selling their products through rival Bed, Bath & Beyond.
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