Shares of Martha Stewart Living Omnimedia Inc. dropped 5.7 percent to $2.32 Thursday as investors worried over the company’s relationship with J.C. Penney Co. Inc.
The New York Post reported that Penney’s chief executive officer Myron “Mike” Ullman 3rd was going to drop the retailer’s line of Martha Stewart home goods. The 2011 deal that created the collection is now the subject of a battle in New York Supreme Court with Macy’s Inc., which already had an agreement with the brand.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"