I first became a fan of Betsey Johnson about 15 years ago. Her whimsical style of design, along with her signature cartwheel at the finale’s of her spring and fall fashion shows won me over. When your best friend tells you ‘I’m look for something sexy, fun, and flirty.’ The only response that you could possibly give is ‘Let’s head over to Betsey Johnson!’.
Betsey has racked up some major debt. It’s very sad, because she’s always had such a great eye for designing something that you want, and maybe feel that you need. But you probably won’t wear it more than a couple times. How many designers can do that? No, not all of her designs fall into that category, most are not too crazy… It’s very sad because you really want her to succeed. She seems so nice. Cute as a button…kinda.
Steve Madden has been my nemesis for I can’t tell you how long. Don’t get me wrong, over the decades he has had a couple shoes that I wouldn’t mind slipping on my trotters. But for the most part, his shoes make me think of a club kid on heroin. >>>>
Anywhoo…Steve decided to pony up $48m to take over a loan to Betsey’s company. And she only has until 2012 to pay it back (tick tock girlfriend). If not, it’s by by Betsey, or at least her control over her brand. Steve’s starting to piss me off because he already has his hand in so many different design houses! Shoes for Madonna (no suprise). He just bought the handbag company Big Buddah. And became part owner of Bakers Footwear. My mom wears Baker shoes!! She’s gonna look kinda funky walking around in 5 inch platforms, but if Mr Madden has anything to do with it…
Ugh…I almost want to donate $ to Betsey.
So there ya go. All I can say is, go out and buy some Betsey today. Help her keep the company that she started from the ground up…over 30 years ago!