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Friday, March 1, 2013

Penneys Johnson says knew Martha Stewart deal was controversial

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Ron Johnson, CEO of J.C. Penney, leaves New York State Supreme Court in New YorkNEW YORK (Reuters) – J.C. Penney Co Inc chief Ron Johnson knew before doing a deal with Martha Stewart that it would create a conflict with rival Macy's Inc , which already had a relationship with her. Johnson was testifying in New York state court upon Friday in proceedings brought by Macy's opposite his company and Martha Stewart Living Omnimedia Inc over their proposed deal. …



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