Betsey Johnson Files For Bankruptcy!

Betsey Johnson has filled for Bankruptcy protection! It`s said that she will still remain creative director of the brand but the 63 stores will most likely be closing and a 150 people will lose their jobs. I`ve always like the brand and thought that they did lovely jewellery but i`ve never bought anything from Betsey Johnson. There has been some cash flow problems and obviously things have got a bit bad for the brand. Betsey Johnson is now going to focus on her lower priced line and her fashion show in september will still be going ahead! Betsey released a statement saying "I feel so sad for my store people and all my pink girls,They live and die for me. But I need to be better. I really need to work well and be more efficient." - What do you think about this? Have you ever bought anything from Betsey Johnson? Are you sad about this?

*photo not mine

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