Sequential Brands Group, which bought the Martha Stewart new nearly four decades ago for approximately $353 million, said Tuesday it is selling it . As part of this bargain, Marquee will also acquire the newest of TV chef Emeril Lagasse.
Marquee owns several clothing and apparel manufacturers, such as Ben Sherman and Body Glove. The business says the purchase will help it grow into the food and house categories.
Stewart will oversee the new, which she set in the 1990s, and includes cookware, magazines and towels. The brand struck a bargain to make products comprising a compound derived from marijuana and hemp which does not cause a high, CBD.