BUSINESS BRIEF

Martha Stewart, Macy’s settle suit over Penney

1/3/2014

NEW YORK — Macy’s and Martha Stewart Living Omnimedia Inc. say they have settled a breach-of-contract lawsuit involving J.C. Penney. But Macy’s said the settlement does not impact its lawsuit against J.C. Penney Co., which is still ongoing.

Macy’s Inc. and Martha Stewart Living said Thursday that their settlement terms are confidential. Both companies said that they look forward to “a continued, successful partnership together.”

Macy’s has had an exclusive merchandising contract with Martha Stewart since 2006.