NEW YORK — Leonard Marcus, long-time president of Macy’s Merchandising Group, helped negotiate and ultimately signed the department store’s 2006 agreement to make and sell Martha Stewart home goods — but only after he spent months as a self-described “roadblock” to the deal.
“I was very skeptical of the business opportunity,” said Marcus, noting Martha Stewart had recently been released from prison, that her brand had a history with the lower-priced Kmart chain and that he preferred to own brands rather than build them up only to risk losing them.
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