Martha Stewart and Macy's settle legal fight - 12 News KBMT and K-JAC. News, Weather and Sports for SE Texas

Martha Stewart and Macy's settle legal fight


By Chris Isidore

NEW YORK (CNNMoney) -- Macy's and Martha Stewart Living Omnimedia have resolved their legal battle over Stewart's move to sell products at rival J.C. Penney, the companies announced on Thursday.

The terms of the deal were not disclosed.

Macy's said the settlement does not end its separate legal claim against J.C. Penney.

Martha Stewart Living Omnimedia has been selling Martha Stewart-branded products at Macy's since 2006. In December 2011 it reached a deal with J.C. Penney to start selling some of its products there as well, in return for Penney paying $38.5 million for a 16.6% in MSLO.

The court battle ensued, even though the products did not include the Martha Stewart name.

In October, J.C. Penney announced it had scaled back its partnership with Martha Stewart in the face of legal pressure from rival Macy's.


™ & © 2014 Cable News Network, Inc., a Time Warner Company. All rights reserved.


Powered by WorldNow

Newsroom: (409) 838-1212
Front Desk: (409) 833-7512
News Fax: (409) 981-1564
News Email: 12News@kbmt12.com

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KBMT. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.