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

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Farm life: lessons learned while working from home

It’s important to slow down, be kind to one another, and enjoy the little moments in life

Cranbrook 2020 property tax notices in the mail

Taxes are due on Thursday, July 2, 2020

Angel Flight takes to the skies once more

Angel Flight East Kootenay is once again offering free flights to Kelowna for medical appointments

Hometown heroes: Ktunaxa Nurse Manager Heather Fenner

With various sectors of the economy continuing to open their doors to… Continue reading

City releases draft annual report on salaries, expenses

The City of Cranbrook has released a draft annual financial document that… Continue reading

Dr. Bonnie Henry given new name in B.C. First Nation ceremony: ‘one who is calm among us’

The provincial health officer was honoured in a May 22 ceremony at elementary school in Hazelton

B.C. man with Alberta plates gets car keyed and aggressive note

Some out-of-province people are finding hostile reception due to COVID-19 worries

B.C. drive-in theatre appeals COVID-19 concession rules, 50-car limit

With 50 cars and the removal of concession sales, drive-in owner says theatre might have to close

COVID-19: B.C. grants aim to stabilize sexual assault recovery programs

$10 million fund not yet ready to take applications

B.C. mom’s drug-pricing petition on behalf of son garners thousands of signatures

Petition geared to gaining access to new medicines drew support of Chilliwack-Hope MP Mark Strahl

Introducing the West Coast Traveller: A voyage of the mind

Top armchair travel content for Alaska, Yukon, BC, Alberta, Washington, Oregon and California!

Taking the Auspices: What’s in a Murmuration?

This is the most wonderful time of year, if you ask me.… Continue reading

‘Paralyzed by fear’: B.C. woman details anxiety, grief at Italian relief hospital

Sheila Vicic spent two months in Italy as the country grappled with COVID-19

CAMH survey looks at binge-drinking, financial anxiety during COVID

Alcohol may be used as a coping mechanism for those whose careers may have been sidelined due to the pandemic

Most Read