Martha Stewart has signed a new deal with J.C. Penney! Only problem is, she already has an agreement with rival department store Macy’s.
Now the home decorating diva is defending her decision in the New York State Supreme Court.
J.C. Penney paid $38.5 million in 2011 for a stake in Stewart’s company. As part of the deal, they were planning to create Martha Stewart “mini-stores” within J.C. Penney locations around the country.
Macy's agreement to carry Stewart’s home goods goes back to 2006. CEO Terry Lundgren says he was shocked to hear about her new deal. He says he thought of her as a friend.
"I was literally sick to my stomach," he told the court last week. He says he hasn’t spoken to her since.
When someone asked her whether or not people really need two enamel casserole dishes at opposite ends of the mall, she responded: "They might have two houses."
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