Silk blouse ($895) and mohair vest ($1,250), Chloè. Saks Fifth Avenue, 611 Fifth Ave., NYC, 212-753-4000. Necklace (worn as bracelet), Stewart’s own

Martha Stewart has many reasons to celebrate this holiday season. A first grandchild was born earlier in the year. Despite a lingering recession that has decimated some of her competitors, Martha Stewart Living Omnimedia, the multimedia empire she founded 35 years ago with a Westport, Connecticut, catering business, still carries a valuation of around a half-billion dollars. And her 75th book, Martha’s Entertaining: A Year of Celebrations, its cover shot at her East Hampton home, was published in October.

The release of Martha’s Entertaining (Clarkson Potter), a tantalizing 432-page tome showcasing a timeless collection of memorable events with family and friends, is a poignant milestone. “It’s my second entertaining book since 1982,” says Stewart. That was the year her debut title, Entertaining, was published and quickly found its way onto the New York Times best-seller list. Entertaining also became a best-selling cookbook, with popularity comparable to Julia Child, Louisette Bertholle, and Simone Beck’s Mastering the Art of French Cooking and helping launch Stewart’s megawatt career.

Stewart says her basic approach to entertaining has not changed much in the past three decades. “It’s not how much money I spend; it’s how can I do the most appealing parties for a special occasion.” But she admits her menus, enriched by far-flung travel and a fascination with global cuisine, have taken on a more exotic cast over the years. “People want new inspirations so they can expand their own adventures in entertaining,” she says.

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