Emeril gets the boot in nasty Macy's spat
The celebrity chef sees Macy's drop his cookware line -- a line that just happens to be owned by Martha Stewart's company.
Macy's has decided to drop Lagasse's line of cookware from its 800 stores right in the middle of its ongoing courtroom fight with Martha Stewart Living Omnimedia (MSO). The cookware line just happens to be owned by Martha Stewart.
Macy's says it's all just a big coincidence, and that Lagasse's cookware simply wasn't performing very well in stores.
This came as a complete surprise to Martha Stewart's legal team, reports Women's Wear Daily. "During a brief break, the team was overheard confirming among themselves that they had 'no idea' Macy’s severed ties with Lagasse," writes the publication.
Martha Stewart bought the Lagasse line in 2008 for $50 million, reports the New York Daily News.
Macy's is suing Martha Stewart's company and J.C. Penney (JCP), claiming that Stewart should not have signed a $283 million deal to sell her items at J.C. Penney. Macy's said it had the exclusive right to sell Stewart's goods.
Earlier this month, Macy's CEO Terry Lundgren testified that he hung up on Stewart when she called in December 2011 to tell him about her deal with J.C. Penney, and he hasn't talked to her since.
"I was literally sick to my stomach about this," he said in court. "It was something I couldn’t imagine."
Lagasse is keeping quiet about the development, but some of his friends aren't. Celebrity chef Anthony Bourdain said on Twitter that Lagasse's cookware was of good quality and sold for a good price. Macy's is "playing vindictive small ball," he added. Other Twitter users told Macy's not to take out its beef with Stewart on Emeril.
Invest in cookware from companies that made their name in cookware like All Clad.
Macys, Smacys, Emeril, Schemeril....Sounds like a lot of you really don't know to cook,WITHOUT a
designer label on it ??
Was told by Miss LIlly that Macys is overpriced on too many items, but she does shop there occassionally..
As far as Marta Sturat....You've got be kidding me, her shidt is junk or vis a vis.
Macys has always tried to do what is best for the company/shareholders/associates/customers. There are not too many stores left that have been successful and have survived. Go Macys Go.
I will not buy anything that I know is owned by Honest Martha. I don't care about the quality, it's the ethics.
To Martha, we are all the "little people".
I have had Lagasse's cookware for at least 5 yrs and absolutely love it...never have I cooked with such pleasure. Macy's is too uppidy for its own good!
WHY ARE THEY SOOOOOOOOO GREEDY. HELLO, WHAT ELSE DO THEY WANT. THEY HAVE EVERYTHING EXEPT PEACE OF MIND.
Martha Stewart, you have been so out of integrity for the last few years, it really makes me
not want to even look at anything that has your name !!!
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market ended the holiday-shortened week on a mixed note as the Dow Jones Industrial Average shed 0.1%, while the S&P 500 added 0.1% with seven sectors posting gains.
Equity indices faced an uphill climb from the opening bell after disappointing quarterly results from Google (GOOG 536.10, -20.44) and IBM (IBM 190.04, -6.36) weighed on the early sentiment. Google reported earnings $0.15 below the Capital IQ consensus estimate on revenue of $15.42 ... More
More Market News
Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'