The venture quickly became successful but soured when Collier alleged that Stewart was difficult to work with, and was also taking catering jobs on the side. Stewart was also hired as the manager of a gourmet food store, the Market Basket, but after a disagreement with the owners at the mini-mall she was forced out and opened her own store.
In 1976, Stewart started a catering business in her basement with a friend from her modeling days, Norma Collier.
Martha Helen Stewart (née Kostyra; born August 3, 1941) is an American businesswoman, writer, and television personality.
As founder of Martha Stewart Living Omnimedia, she has gained success through a variety of business ventures, encompassing publishing, broadcasting, merchandising, and e-commerce.
On October 19, 1999, Martha Stewart Living Omnimedia went public on the New York Stock Exchange under the ticker symbol MSO. Securities and Exchange Commission (SEC), Stewart avoided a loss of ,673 by selling all 3,928 shares of her Im Clone Systems stock on December 27, 2001, after receiving material, nonpublic information from Peter Bacanovic, who was Stewart's broker at Merrill Lynch.
The initial public offering was set at per share, and rallied to by the end of trading, making Stewart a billionaire on paper and the first female, self-made billionaire in the US. The day following her sale, the stock value fell 16%.