Martha Stewart is selling her company for $353 million

Martha Stewart has agreed to sell her company, Martha Stewart Living Omnimedia, to Sequential Brand Groups for $353 million. The company has a 30-day "go shop" period for anyone willing to pay more than Sequential's current offer, however, as Deadline reports, investors doubt they will get a better offer. The sale comes amid dipping stock prices for the lifestyle brand, as well as tanking numbers for the company's publications, including Martha Stewart Living. Publisher Meredith took over the magazine portion of the company last year. The sale to Sequential will allow the Martha Stewart brand to shift its focus to "expand[ing] our merchandising business both domestically and abroad," according to Stewart.
Sequential manages brands including Linens 'N Things, Heelys, and Jessica Simpson. The two companies expect the sale to be complete by the end of the year. Stewart will stay on as as board member and stock holder of Martha Stewart Living. So far, there is no word if the sale of her company will give Stewart more time to pursue her new passion of participating in celebrity roasts.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Marshall Bright is a digital production assistant at TheWeek.com. She has previously worked at America's Test Kitchen, SAVEUR and Studio 360. Originally from Chattanooga, Tennessee, she now lives in Harlem with her cat, Pickles.
-
The secrets of lab-grown chocolate
Under The Radar Chocolate created 'in a Petri dish' could save crisis-hit industry
By Chas Newkey-Burden, The Week UK
-
Trade war with China threatens U.S. economy
Feature Trump's tariff battle with China is hitting U.S. businesses hard and raising fears of a global recession
By The Week US
-
Corruption: The road to crony capitalism
Feature Trump's tariff pause sent the stock market soaring — was it insider trading?
By The Week US
-
New Mexico to investigate death of Gene Hackman, wife
speed read The Oscar-winning actor and his wife Betsy Arakawa were found dead in their home with no signs of foul play
By Peter Weber, The Week US
-
Giant schnauzer wins top prize at Westminster show
Speed Read Monty won best in show at the 149th Westminster Kennel Club dog show
By Peter Weber, The Week US
-
Beyoncé, Kendrick Lamar take top Grammys
Speed Read Beyoncé took home album of the year for 'Cowboy Carter' and Kendrick Lamar's diss track 'Not Like Us' won five awards
By Peter Weber, The Week US
-
The Louvre is giving 'Mona Lisa' her own room
Speed Read The world's most-visited art museum is getting a major renovation
By Peter Weber, The Week US
-
Honda and Nissan in merger talks
Speed Read The companies are currently Japan's second and third-biggest automakers, respectively
By Peter Weber, The Week US
-
Taylor Swift wraps up record-shattering Eras tour
Speed Read The pop star finally ended her long-running tour in Vancouver, Canada
By Peter Weber, The Week US
-
Drake claims illegal boosting, defamation
Speed Read The rapper accused Universal Music of boosting Kendrick Lamar's diss track and said UMG allowed him to be falsely accused of pedophilia
By Rafi Schwartz, The Week US
-
'Wicked' and 'Gladiator II' ignite holiday box office
Speed Read The combination of the two movies revitalized a struggling box office
By Peter Weber, The Week US