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.
-
Today's political cartoons - March 30, 2025Cartoons Sunday's cartoons - strawberry fields forever, secret files, and more
-
5 hilariously sparse cartoons about further DOGE cutsCartoons Artists take on free audits, report cards, and more
-
Following the Tea Horse Road in ChinaThe Week Recommends This network of roads and trails served as vital trading routes
-
New Mexico to investigate death of Gene Hackman, wifespeed read The Oscar-winning actor and his wife Betsy Arakawa were found dead in their home with no signs of foul play
-
Giant schnauzer wins top prize at Westminster showSpeed Read Monty won best in show at the 149th Westminster Kennel Club dog show
-
Beyoncé, Kendrick Lamar take top GrammysSpeed Read Beyoncé took home album of the year for 'Cowboy Carter' and Kendrick Lamar's diss track 'Not Like Us' won five awards
-
The Louvre is giving 'Mona Lisa' her own roomSpeed Read The world's most-visited art museum is getting a major renovation
-
Honda and Nissan in merger talksSpeed Read The companies are currently Japan's second and third-biggest automakers, respectively
-
Taylor Swift wraps up record-shattering Eras tourSpeed Read The pop star finally ended her long-running tour in Vancouver, Canada
-
Drake claims illegal boosting, defamationSpeed Read The rapper accused Universal Music of boosting Kendrick Lamar's diss track and said UMG allowed him to be falsely accused of pedophilia
-
'Wicked' and 'Gladiator II' ignite holiday box officeSpeed Read The combination of the two movies revitalized a struggling box office
