Betsey Johnson Exits Bankruptcy With Festive Show
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Fashion Designer Betsey Johnson Exits Bankruptcy With Festive Show

September 21, 2012

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Fashion designer Betsey Johnson started her life after bankruptcy in grand fashion, as she debuted a new line of dresses during a large New York birthday bash, according to a report from The Wall Street Journal.

Sources say that the show served as a "big" and "crazy" birthday celebration for the iconic 70-year-old designer, who reportedly performed cartwheels and sang with Cyndi Lauper during the festivities.

The event was the first fashion show following Johnson’s bankruptcy, which was made necessary when a wide range of creditors were threatening to take over her popular line of clothes.

In bankruptcy court, Johnson was able to liquidate most of the retail stores with her name attached, but she was able to retain her ability to create new fashion lines under her brand.

Bankruptcy seems to have helped Johnson solve her debt woes, if the tone of her celebration was any indication. According to sources, the show, which was held under a fog of perpetually falling confetti, featured Johnson's new line of dresses, which will be available in the spring of 2013.

The dresses will be sold for anywhere from $99 to $249 and will appear in boutique and department stores across the United States. In short, it appears that Johnson may soon experience a financial recovery.

Incidentally, sources say her new line of dresses has a strong "princess" theme, which echoes past work from the designer, who is known for her appreciation of hot pink, blond hair, and similar fashion features.

In addition, the Style Network has launched a new reality show featuring Johnson and her daughter, Lulu, who reportedly popped out of a giant birthday cake at the latest show.

Sources say the reality show will launch this month, and observers speculate that it could provide another healthy revenue source for the designer.

Of course, the success of reality television shows is about as predictable as what dresses will appear in the runway next fall, so Johnson might be wise to focus her energy on what she does best, fashion.

And her supporters hope that she’ll be turning cartwheels on runways for decades to come.


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