Eastman Gives In

Eastman Kodak threw in the towel last week: "While we wish we could continue with an effective Fair-Trade agreement, we have reluctantly come to the conclusion that it is impracticable for us to do so." Thus, after 19 years of maintaining minimum-price agreements with its dealers, a major proponent of Fair Trade joined the ranks of manufacturers who have abandoned the practice. Eastman's reason: 16 states either have no Fair-Trade or have ruled it unenforceable.

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