August 29th, 2007, 03:55 AM #1
betsey johnson expands the business
Design extraordinaire, Betsey Johnson has sold a controlling stake in her company to Castanea Partners, a Boston based private equity firm. Final details have yet to be confirmed, however Chantal Bacon, chief executive officer of Betsey Johnson, told WWD, “It gives us really opportunities. For the past 30 years, we've really established a brand, and with their help we're going to take it to the next level."
One of the benefits the new partnership will offer is rolling out the collection to the wider audience, with plans to launch into childrenswear and bridal lines, along with opening ten new stores within the year.
August 29th, 2007, 06:09 AM #2
Re: betsey johnson expands the business
wait..... so she stepped down? wow. first juicy couture, then kate spade, now betsey johnson? who's next dooney & bourke?
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