Macy's Keeps Marshall Field's Name in Court Settlement

Macy's, which retired the Marshall Field's name a decade ago, will keep the rights to the beloved Chicago brand as part of a court settlement reached with a California man planning to monetize the retailer's dormant monikers. The department-store operator had filed a federal trademark infringement suit in the Northern District of California against Strategic Marks, a Newport Beach, Calif.-based business that tries to revive defunct brands, and its chief executive, Ellia Kassoff.