Around the Net

Martha Stewarts Homemaking Empire Sold For $215M

Martha Stewart's brand has depreciated. "The domestic diva’s homemaking empire, including her lines of home furnishings, kitchenware and other branded products, has been sold to Marquee Brands for $215 million — or $140 million less than what seller Sequential Brands Group paid for it in 2015," according to the New York Post. "Sequential — which also owns brands such as Jessica Simpson, Ellen Tracy and Gaiam — had been looking to unload Stewart’s brands since last fall because of the skyrocketing costs of her perks and pay."

Read the whole story at New York Post »

Next story loading loading..