Macy’s and Martha Stewart Living Omnimedia have reached a settlement agreement related to a breach-of-contract lawsuit involving JCPenney.
Macy’s and MSLO each said Thursday that the settlement terms are confidential and not material to their businesses. Both companies said that they look forward to “a continued, successful partnership together.”
Macy’s also said the settlement does not impact its ongoing lawsuit with JCPenney.
Stewart’s company and Penney signed a merchandising deal in December 2011. That prompted Macy’s to sue both companies for violating its exclusive agreement with Martha Stewart. In October, Penney scaled back its partnership with Stewart.