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Reuters, Published January 02 2014

Martha Stewart, Macy's settle lawsuit over Penney deal

Martha Stewart Living Omnimedia Inc said on Thursday it settled a lawsuit with retailer Macy's Inc over a home products deal with J.C. Penney Co Inc.

Martha Stewart did not disclose the terms of the settlement, but said the deal would not be material to the company.

Macy's sued Martha Stewart and Penney last year after the two announced a partnership in 2011 to open Martha Stewart home shops at hundreds of Penney stores.

Macy's claims exclusive rights to Martha Stewart cookware, bedding and bath products under a 2006 deal.

The retailer sued Martha Stewart for breach of contract and Penney for interfering with its agreement with Martha Stewart. Both lawsuits were combined last year.

Macy's also sought to stop Penney from selling any products designed by home improvement doyenne Martha Stewart even if her name doesn't appear on the items or their marketing.

Macy's said in a separate statement that the settlement did not affect its outstanding claim against Penney.

Penney and Martha Stewart revised in October their agreement eliminating Stewart's products in home goods categories to which Macy's claims exclusive rights.