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Martin + Osa Dunzo

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American Eagle may have posted an 81.2% rise in profits in the fourth quarter of their fiscal year, but that didn't save Martin + Osa, the company's "grown-up" brand. Yesterday, AE announced it would shutter the Martin + Osa label and all its stores. From what we hear, this was news to the company's creative staff as well—sources tell us that all Martin + Osa designers and studio staff were laid off yesterday, when the announcement went public. [WWD]