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Penney, Martha Stewart Living scale back partnership in new agreement
New York -- Martha Stewart Living Omnimedia and J.C. Penney Co. on Monday announced a revised commercial agreement covering their licensing and design partnership. The new agreement scales back Penney’s partnership with Martha Stewart Living.
It was not clear how, if at all, the revised agreement could affect the companies’ ongoing lawsuit with Macy’s.
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Wal-Mart names two China execs
Bentonville, Ark. – Wal-Mart Stores, Inc. has reportedly named two new managers for its China business. According to Bloomberg, an internal corporate memo indicates Wal-Mart is naming Adrian Blake as senior VP of business development in China and Rob Bray as senior VP of real estate in China.