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Martha Stewart and Emeril Lagasse are uniting forces
By M&C News Feb 19, 2008, 16:50 GMT
epa01255928 US entrepreneur Martha Stewart attends the \'Red\' auction at Sotheby\'s in New York USA, 14 February 2008. The Auction hopes to raise twenty million dollars for HIV AIDS in Africa. EPA/PETER FOLEY
That’s right. All 50 million of them. According to an article by the AP, Martha Stewart and Emeril Lagasse are merging, after Stewart’s company purchased the rights to his “ franchise of cookbooks, television shows and kitchen products for $45 million in cash and $5 million in stock at closing,” to quote the AP.
The article notes that Martha Stewart’s company has been earning revenues that are “below expectations,” according to the article.
The AP provides a somewhat dry article discussing profits and earnings and losses that interested readers can find here.
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