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Amazon Settles Cashmere Lawsuit

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

A global cashmere trade association has agreed to settle its dispute with Amazon over the e-commerce giant’s allegedly false advertising of “100 percent” cashmere products, heading off a courtroom showdown. No details were given on the financial implications of the settlement, other than that each party would “bear its own fees and costs,” a court…

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