Martha Stewart denies wrongdoing in Penney deal

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by Associated Press

WCNC.com

Posted on March 5, 2013 at 6:08 PM

NEW YORK (AP) -- Home diva Martha Stewart testified in court on Tuesday that she did nothing wrong when she signed an agreement to open shops within most of J.C. Penney's stores. 

Stewart testified in New York state Court in a trial over whether the company she founded breached its contract to sell cookware, bedding and other items exclusively at Macy's when she inked the deal with Penney.  

Stewart, who founded Martha Stewart Living Omnimedia Inc., denied Macy's allegations that she did anything unethical and said she was only looking to expand her brand. In fact, Stewart said it's Macy's didn't uphold its end of the agreement to try to maximize the potential of her business.  

"We were disappointed," Stewart testified. "We did have hopes that the business would be much bigger."
 

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