Why Did Betsey Johnson Go Out of Business? Is Betsey Johnson Still Designing Clothes?

Betsey Johnson went out of business when bankruptcy became the only viable option. She had to close 63 store locations and fire some 350 employees. She said she tried her hardest to sustain the blows during that time, however, she knew it was time to quit.

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.

Is Betsey Johnson Still Designing Clothes?

Betsey Johnson is the brand’s creative director, designing the Betsey Johnson line.