Betsey Johnson Files for Bankruptcy | Most Stores to Close Doors

Posted on: Apr 27

Betsey JohnsonBetsey Johnson LLC has filed for bankruptcy. The financial foreclosure will see most of the label's 63 boutiques closing their doors in the coming weeks, putting some 350 employees out of work.

While every effort was made to address the company's cash flow concerns, it seemed seeking protection under chapter 11 bankruptcy was the company's only option. Betsey Johnson's chief financial officer Jonathan Friedman explained bankruptcy was "likely be the best way to maximize the value of the company's assets, for the benefit of its creditors."

While the situation is dire, this isn't the end of the Betsey Johnson story. Johnson herself will continue her post as creative director overseeing the label's mid-priced Betsey Johnson line. This collection will continue to be sold in Macy's and other department stores.

"I love the moderate price range," the upbeat designer told Women's Wear Daily. "It is in synch with all the girls who are buying my clothes."

She's pushing 70 but Betsey Johnson continues to be one of the brightest stars in the fashion industry. While her envelope pushing designs might not always hit the mark for me, I definitely admire her creative vision and hope she lands on her feet. Do you think Betsey Johnson will bounce back?

[Source: Fashionista]
[Image Source: The Heart Truth/Wikipedia Commons]

Betsey Johnson Bags on eBay

Sorry we couldn't find anything like this on eBay. Try our Bag Search Engine.

3 Responses

  1. Newsalert: In apparent first, a public pension plan files for bankruptcy Says:

    [...] While every effort was made to address the company’s cash flow concerns, it seemed seeking protection under chapter 11 bankruptcy was the company’s only option. Betsey Johnson’s chief financial officer Jonathan Friedman explained bankruptcy was “likely be the best way to maximize the value of the company’s assets, for the benefit of its creditors.”Source: bagbunch.com [...]

  2. Bankruptcy Attorneys Ponder Over Wikipedia Blackout Says:

    [...] While every effort was made to address the company’s cash flow concerns, it seemed seeking protection under chapter 11 bankruptcy was the company’s only option. Betsey Johnson’s chief financial officer Jonathan Friedman explained bankruptcy was “likely be the best way to maximize the value of the company’s assets, for the benefit of its creditors.”Source: bagbunch.com [...]

  3. Your Questions About Betsey Johnson | Bet Stock Says:

    [...] Find More :Betsey Johnson Pink Glitter Hearts Hinge Bangle BraceletLow Price Betsey Johnson Low Cut Socks – 6 Pairs (Animal Print)Designer handbags like Betsey Johnson handbagBetsey Johnson Files for Bankruptcy [...]

What Do You Think?





Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.