Iconic American designer Betsey Johnson filed for Chapter 11 bankruptcy yesterday, saying she would close most of her boutiques and focus on her more affordable Macy's line.
Johnson got her start hanging out with Andy Warhol and editing a fashion magazine. Since starting her own fashion label, Johnson has outfitted celebrities including Rihanna, Katy Perry and Reese Witherspoon.
More depressing Betsey news: Betsey Johnson executives got approval from a bankruptcy judge yesterday to start liquidating the company's assets. The liquidation process will be run by Gordon Brothers Group Inc. and Hilco Merchang Re... Read Post
Whaaaaa??? 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 an... Read Post