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

Disrespectful that Horgan won’t meet during northern B.C. tour: hereditary chief

Na’moks said he was frustrated Horgan didn’t meet with the chiefs

BC Green Party leader visits Wet’suwet’en camps at heart of pipeline conflict

Adam Olsen calls for better relationship between Canada and First Nations

Coastal GasLink repeats desire for meeting with hereditary chiefs

Coastal GasLink says they’re ready to meet with the hereditary chiefs at their convenience

Ranning Charlie acquitted of all charges

The charges included sexual assault

B.C. testing out solutions to prevent wildlife crashes

About 2,700 collisions occur each year in north-central B.C.

Poll suggests some don’t think Canada should send troops to stop genocide

The findings are being released just before the 75th anniversary of the liberation of Auschwitz

B.C. woman crowned the fastest female marathon runner in Canadian history

Malindi Elmore ran an incredible 2:24:50 at the Houston Marathon

Alberta bulldog breeder ordered to give refund to B.C. buyer due to puppy’s behaviour

Tribunal ruled a verbal agreement to send a new dog superseded the written contract

UPDATED: Man dies in backcountry near Nelson’s Whitewater Ski Resort

The victim was found unresponsive in a tree well Friday

Cariboo Memorial Hospital back to normal after cold weather wreaks havoc

Burst pipes and water leaks cause three different incidents

Dog reunited with Tofino owner, months after being taken from beach

Shannon Boothman ‘ecstatic’ at pet’s return after a tip leads to social media search

Site of planned Jumbo Valley ski resort to be protected, managed by First Nations

Development rights permanently retired for site of proposed year-round ski resort west of Invermere

Huawei exec’s extradition hearing begins in Canada

China’s foreign ministry complained the United States and Canada were violating Meng’s rights

Most Read