Martha Stewart has just added to her Lifestyle and Home empire and become much more wealthy.
Martha is scooping up the competition to gain even more of a corner on the home and food market.
Stewart's company, Martha Stewart Living Omnimedia Inc. announced this past Tuesday that they have purchased the rights to the Emeril Lagasse franchise empire, which includes cookbooks, kitchen producst, and television shows. This totaled up to abou $45 million in cash and another $5 million in stock.
With everything that Stewart's company has acquired, this generates an estimated $14 million in revenue for the past 2007 year.
Even though it seems like Stewart acquired everything of Emeril's, Emeril still has his Homebase, which includes his office and 11 or his world famous restaurants.
Even though it seems like Stewart acquired everything of Emeril's, Emeril still has his Homebase, which includes his office and 11 or his world famous restaurants.
Now only if Martha could acquire the ever annoying Rachael Ray and make her and her 30 minute meals disappear!
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