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

A new vessel from the Gitga’at First Nation will be sailing into Prince Rupert’s harbour

The transporter vessel will bring back materials, food and medicine for the Hartley Bay community

Prince Rupert Library recognizes National Indigenous History Month

Friends of the Library Book Club puts the focus on Indigenous authors and reconciliation

Smooth sailing expected on 14 major roads in Prince Rupert by end of summer

Construction underway with city’s $2.4 million paving budget

City of Prince Rupert seeking public input on Community Enhancement Grants

Survey now available to the public focusing on project priorities

Junior A hockey on the horizon for Prince Rupert player

Brett Fudger signs with the Vernon Vipers of the BCHL

Global Sports Bra Squad Day in Rupert

The event encourages athletes to run in whatever makes them comfortable regardless of shape or size

$900M settlement reached in class action on sexual misconduct in Canadian military

After facing criticism, the government moved to begin settlement proceedings in early 2018

Tax take stays ahead of increased B.C. government spending

Tax revenue $2.1 billion higher than budget in 2018-19

Two toddler siblings found drowned on First Nation in Alberta

The Siblings were found drowned on their family’s property, according to RCMP

Chiefs honour Indigenous leader wrongfully hanged in B.C. 154 years ago today

Chief Joe Alphonse says they want his remains returned to his homeland in B.C.’s Cariboo region

Rare white ravens spotted again on Vancouver Island

Nature photographer Mike Yip said mysterious birds back in Coombs area

B.C. government seeks advice on reviving Interior forest industry

Public website opens as meetings start with community leaders

Psychics, drones being used to search for missing Chilliwack woman with dementia

Drones, psychics, dogs and more have been employed to help find Grace Baranyk, 86

B.C. mom to go to Europe court in hopes of getting alleged abducted daughter back

Tasha Brown alleges her estranged wife abducted their daughter Kaydance Etchells in 2016

Most Read