The lifestyle guru Martha Stewart is selling the empire that she built from her love of catering and crafting.
Martha Stewart Living Omnimedia Inc. is reportedly closing in on a deal with Sequential Brands Group, according to a report by the Wall Street Journal. The sale would mark the end of the Stewart’s independent publishing and housewares conglomerate that she launched after the success of her 1982 book “Entertaining.” The report reveals that a deal between Sequential Brands and Martha Stewart Living could be announced in the coming days.
Stewart has been one of the most successful businesswomen in the world. She suffered a setback with a 2004 ImClone stock felony scandal that landed her in jail, but she managed a triumphant return to the business world with new ventures and TV shows.
In recent years, the fading company has dumped ‘money-losing businesses,’ including its magazine publishing unit, and it greatly cut real estate holdings, according to USA Today.
It appears business as usual on her blog. Stewart recently wrote of two speaking engagements in Atlanta, revealing that her work schedule “is very busy.”