betsey johnson bankrupt Page 1
The details of what’s to become of everyone’s favorite cartwheeling designer since her company filed for bankruptcy back in April have been pretty murky so far. Sure, the 70-year-old has some impressive gymnastic skills, but will she ever be able to bounce back after being forced to shutter all 63 of her stores and fire 350 employees? A profile in today’s New York Times suggests that she just might.
Betsey Johnson filed for bankruptcy yesterday and announced the brand would be closing 63 of its retail stores and firing 350 of its staffers. The news came with the caveat that Johnson would stay on as creative director and continue her wholesale business, which would include a show at the upcoming Mercedes-Benz Fashion Week in New York. According to more reports released today, that may not be the case.