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Betsey Johnson LLC files for bankruptcy protection


Betsey Johnson LLC., a fashion retailer behind the designer known for her neon-colored spreads and clothing designs, has filed for Chapter 11 bankrupty protection, Reuters reports.

All Six South Florida retail stores will close, according to one Boca Raton employee. Store closures could come as early as a month's time.

There are more than 65 Betsey Johnson retail stores worldwide, including six in South Florida. The clothing line is also sold in stores like Nordstrom and Macy’s.

Betsey Johnson stores are in the Town Center at Boca Raton, Aventura Mall, Sawgrass Mills, Dadeland Mall, the Gardens Mall or the Village of Merrick Park.

The stores sell a mix of rock-n-roll and hippie-themed clothing, but also include cocktail dresses and accessories aimed at younger women.

Declining sales and profitability led to the decline, said the Reuters story. The fashion house listed total assets of $21.3 million and total liabilities of $15.4 million at the end of 2011. Betsey Johnson LLC has been unable to find new buyers or investors, according to the Reuters report.

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Categories: Shopping News (124)

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About the authors
Doreen Christensen has never paid full price for anything. If there is a way to save on something, she will find it and share how you can save, too. Doreen is a senior reporter covering consumer news, health, beauty and features for the online and print editions of the Sun Sentinel. A 32-year veteran of the newspaper, she previously was a senior copy editor on the universal copy desk. Doreen spends her time off hunting bargains, clipping coupons, gardening and traveling.

Justine Griffin covers retail and marine business for the Sun Sentinel. She is a Tampa Bay native who graduated from the University of Central Florida in 2010. After spending a year covering crime in St. Augustine, Fla., she moved to Fort Lauderdale and made the switch to business journalism. When she’s not writing, she’s riding horses and spending time with her whippet puppy, Josie.

Marcia Heroux Pounds is the Sun Sentinel's workplace columnist when she's not shopping for shoes. She also writes about small business, which allows her to visit many of South Florida's unique shops and boutiques.

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