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J.C. Penney buys stake in Martha Stewart Living

Posted on December 7, 2011 by Martin Timble

Martha Stewart Living Omnimedia (NYSE:MSO) shares jumped 31 percent today after it was announced that J.C. Penney is buying a minority stake in the company for $38.5 million.

J.C. Penney will now own a 16.6 percent stake in Martha Stewart …

Posted in Main Post, Services | Tagged brand, company, customers, department, department stroes, J.C. Penney, lackluster sales, Martha Stewart Living Omnimedia, merchandising, MSO, NYSE, NYSE:MSO, retail, Ron Johnson, shares, shops, stake, stores | Comments Off

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Tag Archives: department stroes

J.C. Penney buys stake in Martha Stewart Living

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