Betsey Johnson sent the fashion world into a tizzy on Thursday when news broke that her licensee filed for Chapter 11 bankruptcy.
As a result of the filing, a majority of BJ's 63 stores will shutter starting next month and more than 350 employees are expected to lose their jobs.
Betsey said on Thursday:
"I feel so sad [...]
Betsey Johnson LLC, the entity that operates all of designer Betsey Johnson's retail stores, filed for Chapter 11 bankruptcy on Thursday (April 26) and announced that it will close most of the brand's boutiques in coming weeks. Read Post
Sad news: Betsey Johnson LLC has filed for Chapter 11 bankruptcy and will close the majority of its 63 stores, according to WWD. Betsey Johnson the person will remain at the helm of the brand, which is still owned by Castanea Partne... Read Post