NEW YORK -- The Martha Stewart brand is getting a new home.
Sequential Brands Group, which bought the Martha Stewart brand nearly four years ago for about $353 million, said Tuesday that it is selling it to Marquee Brands for about $175 million. As part of the deal, Marquee will also acquire the brand of TV chef Emeril Lagasse.
Marquee owns several clothing and footwear brands, including Ben Sherman and Body Glove. The company says the acquisition will help it grow into the home and food categories.
Stewart will still oversee the brand, which she founded in the 1990s, and includes magazines, cookware and towels. More recently, the brand struck a deal to make products containing CBD, a compound derived from hemp and marijuana that doesn't cause a high.
Bagikan Berita Ini
Related Posts :
OPEC and other nations extend output cuts- OPEC extends output cut, but big oil price increase unlikely
- Ontario threatens its own protectionism in fight against Texas Buy American bill
- Bank CEOs say Home Capital issues not widespread
- Indigenous activists want Dollarama to stop selling dreamcatchers beside Canada 150 items
0 Response to "Martha Stewart brand to be sold again"
Post a Comment