Thursday January 2nd, 2014 - 10:41AM
In a joint statement, Martha Stewart Living Omnimedia and Macy's announced: “Macy's has resolved its breach-of-contract lawsuit against Martha Stewart Living Omnimedia. We are pleased to be able to put this matter behind us. The terms of our settlement are confidential, will not be disclosed and are not deemed to be material to Macy’s. We can now return our focus to what we do best— bringing beautifully designed, high-quality, affordable products to consumers nationwide. We look forward to a continued, successful partnership together."
Macy's added: "This settlement does not affect Macy's outstanding claim against J.C. Penney, which remains subject to the court's decision.”