Who Owns Betsey Johnson Now?

Steve Madden owns Betsey Johnson now. After struggling financially for several years and nearly going bankrupt. Betsey Johnson (the company) was acquired by Steve Madden (the company) in 2010 for $27.5 million.

Steve Madden Ltd took over the Betsey Johnson label in an out-of-court settlement that restructured Betsey Johnson LLC’s outstanding loan it had acquired and said the deal will boost its fiscal 2011 earnings.

As part of the transaction, Steve Madden also made a $3 million new secured team loan to BJ LLC, it said in a statement.

The companies also linked two new license agreements under which BJ LLC will have the exclusive license to operate Betsey Johnson retail stores in the United States, Canada and London, and manufacture and sell specified women’s apparel under Betsey Johnson and other related brands.