Breaking News
Macy's CEO to testify in fight over Martha Stewart
Martha Stewart attends '12-12-12' a concert benefiting The Robin Hood Relief Fund to aid the victims of Hurricane Sandy on December 12, 2012 in New York City. (Photo by Dimitrios Kambouris/Getty Images)
Copyright Getty Images
Posted: 02/25/2013
Last Updated:
89 days ago
NEW YORK - Macy's Chairman, President and CEO Terry Lundgren is scheduled to testify in New York State Supreme Court on Monday in a trial that pits the department store chain against rival J.C. Penney Co. over a partnership with home diva Martha Stewart.
The trial focuses on whether Macy's has the exclusive right to sell Martha Stewart-branded products in such categories as cookware, bedding and bath.
Other key witnesses expected to take the stand this week include Martha Stewart and Penney's CEO Ron Johnson.
Macy's has argued in court documents that Martha Stewart Living breached a long-standing contract when it penned a deal in December 2011 to open Martha Stewart mini shops in most J.C. Penney stores beginning this spring.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
PRINT
