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Penney's Ends Deal With Martha Stewart
- New York Post, Friday, September 6, 2013 8:01 AM
Shares of Martha Stewart’s company sank as much as 6.5% yesterday after The Post exclusively reported that the company’s controversial deal with JCPenney for home goods is coming to an end. Penney CEO Mike Ullman has decided to ditch a line of Martha Stewart products amid disappointing sales and a year-and-a-half legal battle with Macy’s, which claims the deal violates its own licensing pact with Stewart.
