Martha Stewart:  Work-life balance 'didn't work for me' orig_00035823.jpg
Martha Stewart: Work-life balance 'didn't work for me' orig_00035823.jpg
Now playing
05:14
Stewart: Work-life balance 'didn't work for me'
Getty Images
Now playing
02:18
This airplane-shaped bag is selling for more than some actual planes
Now playing
00:54
See Nike's new 'hands-free' shoe
One of many large boxes of returned products that fill the warehouse. The returned products in this box will eventually be sorted and categorized.
John General/CNN
One of many large boxes of returned products that fill the warehouse. The returned products in this box will eventually be sorted and categorized.
Now playing
05:08
Here's where your 'free' online returns actually end up
Shutterstock
Now playing
04:42
Ever receive a package you didn't order? It could be a scam
Orangetheory Fitness
Now playing
02:13
This gym is actually opening studios during the pandemic
Now playing
02:24
How holiday spirit is surging despite the Covid-19 pandemic
NEW YORK, NEW YORK - NOVEMBER 19: A view of the window display as Macy's Herald Square unveils Give, Love, Believe 2020 Holiday Windows on November 19, 2020 in New York City. (Photo by Eugene Gologursky/Getty Images for Macy's)
Eugene Gologursky/Getty Images North America/Getty Images for Macy's
NEW YORK, NEW YORK - NOVEMBER 19: A view of the window display as Macy's Herald Square unveils Give, Love, Believe 2020 Holiday Windows on November 19, 2020 in New York City. (Photo by Eugene Gologursky/Getty Images for Macy's)
Now playing
00:56
Macy's unveils holiday window display with gratitude theme
CNN/Target/Design by John General
Now playing
02:36
It's official: Black Friday is irrelevant
Now playing
02:23
Party City CEO: Consumers still want to celebrate together
NEW YORK, UNITED STATES - 2020/07/08: People wearing face masks shopping inside a retail store in Manhattan as the city enters phase 3 of reopening amid the coronavirus pandemic
As New York City enters phase 3 of reopening retail stores for indoor shopping, restaurants have been postponed for indoor dinning. The U.S. Department of Health recorded a total of 3,219,999 infections, 135,822 death and 1,426,428 recovered since the beginning of the outbreak. (Photo by Braulio Jatar/SOPA Images/LightRocket via Getty Images)
Braulio Jatar/SOPA Images/LightRocket/Getty Images
NEW YORK, UNITED STATES - 2020/07/08: People wearing face masks shopping inside a retail store in Manhattan as the city enters phase 3 of reopening amid the coronavirus pandemic As New York City enters phase 3 of reopening retail stores for indoor shopping, restaurants have been postponed for indoor dinning. The U.S. Department of Health recorded a total of 3,219,999 infections, 135,822 death and 1,426,428 recovered since the beginning of the outbreak. (Photo by Braulio Jatar/SOPA Images/LightRocket via Getty Images)
Now playing
01:38
US retail sales improved in September
thehouseofdrew.com
Now playing
02:01
Justin Bieber's footwear collaboration overwhelms site
Walmart
Now playing
01:01
See what's new inside Walmart stores
3119 E Third Street Dollar General in Dayton, OH on March 12, 2020.
Maddie McGarvey for CNN
3119 E Third Street Dollar General in Dayton, OH on March 12, 2020.
Now playing
06:07
Dollar General's business is booming. It's also vulnerable to crime, police say
Now playing
03:01
How private equity is gutting retail
Now playing
01:55
All retail bankruptcies are not the same. Here's what you need to know
(CNN Business) —  

Martha Stewart’s brands are changing hands.

Sequential Brands Group (SQBG) is selling Martha Stewart and Emeril Lagasse’s brands to licensing and marketing company Marquee Brands for $175 million. The deal could be worth as much as $215 million if the brands hit certain targets.

Sequential has owned those media and home furnishings’ brands since 2015. The company bought them for about $350 million.

The New York Post first reported news of the deal Tuesday.

“I am confident that Marquee’s business values, sophisticated digital expertise and international relationships will drive continued growth and position the Martha Stewart brand well for the future,” Stewart said in a statement.

Before the sale to Sequential, Stewart’s brands existed as Martha Stewart Living Omnimedia, a company she formed after buying out Time Inc.’s shares of Martha Stewart Enterprises in 1997.

Stewart stepped away from a leadership role at the company after she was indicted for securities fraud in 2003, and was banned from holding an executive seat by the SEC until 2011.

But she later rejoined the board of directors, and was still involved as an executive, major stockholder and board member when the company was sold to Sequential.

Marquee said Tuesday that Stewart will “join the Marquee Brands team and continue to guide the brand she founded.”

It’s not Stewart’s only business venture. Recently, she joined the Canadian marijuana company Canopy Growth (CGC) as an adviser to help develop products derived from cannabis for people and animals.

CNN Business’ Jackie Wattles and Paul R. La Monica contributed to this report.