Steve Madden Page 1
Pretty soon, Oz will be the great, the powerful, and the ubiquitous. A whole horde of companies are collaborating with Disney’s latest film and releasing lines inspired by the movie’s characters.
Remember when Zooey Deschanel sued Steven Madden in 2010 for failing to pay her the $2 million she was supposed to get for endorsing the brand’s shoes? After a year of legal back and forth, the actress has called the whole thing off.
Zooey Deschanel is suing embattled shoe giant Steve Madden for $2 million. Why? Because she entered into an agreement with the company to endorse a “Zooey shoes and accessories” line that she claims Madden breached.
Steve Madden is one generous, wealthy, quirky dude. One day he’s saving a seasoned brand from bankruptcy, the next he’s turning a famous young singer into a fashion designer.
It’s sad seeing old friends part ways, and even sadder when the multi-billion dollar business they built over the course of three decades is right in the middle of things. That’s essentially what’s happening with Betsey Johnson and her confidante and (former) CEO of her eponymous label, Chantal Bacon. The executive officially announced her retirement today, but she’s been scaling back her responsibilities at the company since April, when it came to light that the company had defaulted on a $48.8 million loan.
Looks like American Apparel isn’t the only brand in trouble. Betsey Johnson has defaulted on a $48.8 million loan — and that’s not all. According to the Securities and Exchange Commission, Steve Madden agreed to takeover that loan on Thursday, which means that if Johnson doesn’t pay up, Madden could be her new boss.
While company is pretty important, we think you can also tell lot about a man by the reading material he keeps — such as a well-thumbed Hemingway or dog-eared Marquez. And then there’s creepy cobbler Steve Madden’s tome of choice: Star Magazine.