Martha Stewart brand to be sold again

Stewart will still oversee the brand, which she founded in the 1990s

In this April 11, 2019, file photo, television personality Martha Stewart attends The Hollywood Reporter’s annual Most Powerful People in Media cocktail reception at The Pool in 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, April 16, 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. (Photo by Evan Agostini/Invision/AP)

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.

READ MORE: Martha Stewart partners with Canadian cannabis firm

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.

The Associated Press

Like us on Facebook and follow us on Twitter

Just Posted

Pipeline protestors plan march as Trudeau gives Trans Mountain the go-ahead,

20 kilometre march to protest the pipeline starts in Victoria, ends on Saanich Peninsula

Convicted drug trafficker asks Victoria courtroom for chance to ‘turn this around’

Horst Schirmer sentenced for convictions on five counts of possession related to trafficking

$11 million overdraw for McKenzie Interchange construction

The project has been delayed multiple times and is now estimating a budget of $96 million

Alzheimer Society calls for helpline volunteers in Greater Victoria

Charity is in ‘urgent need’ as calls on the rise

Summer transit route increases hit Greater Victoria hotspots starting July 1

Canada Day routes operate on Sunday-level service with select late-night service

VIDEO: Trans Mountain expansion project gets green light, again

Prime Minister Justin Trudeau announced the decision in Ottawa on Tuesday afternoon

Greater Victoria wanted list for the week of June 18

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

POLL: Do you support the government’s decision to approve the Trans Mountain pipeline expansion?

The federal government announced Tuesday its approval for the Trans Mountain pipeline… Continue reading

Man to be sentenced for sexual abuse of young girl in Nanaimo

Stephen Mark Castleden also sentenced for child pornography-related charges

MPs hear retired B.C. nurse’s petition to change compensation for fatal medical errors

Teri McGrath wants provinces to implement no-fault system for medical errors

Horgan says he’ll still defend B.C. coast after second Trans Mountain approval

Meanwhile, one B.C. First Nation has announced plans for a legal challenge

VIDEO: Firefighters stop blaze from spreading after BMW crashes at Saratoga Speedway

Victoria-based businessmen were ‘corner training’ on Father’s Day when incident took place

Demonstrators on either side of Trans Mountain debate clash in Vancouver

Crowd heard from member of Indigenous-led coalition that hopes to buy 51% of expansion project

Grieving B.C. mom hopes Facebook message leads to new investigation into son’s Surrey homicide

Criminal Justice Branch didn’t lay charges, concluding no substantial likelihood of murder or manslaughter conviction

Most Read