Retail News

Former Kmart Exec Puts Two Mil in Escrow

The Detroit News 12/21/2004

A former divisional vice president for purchasing at Kmart, William Mayville, has agreed to post $2 million in an escrow account. Kmart is sueing Mr. Mayville, alleging he and outside businessmen conspired to keep proceeds from equipment being sold off as part of Kmart’s liquidation.

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