Betsey Johnsonís CFO, Jonathan Friedman, issued the following statement:
"The decision to seek protection under chapter 11 comes after months of rigorously pursuing alternative restructuring arrangements to address Betsey Johnson LLCís cash flow problems. After exhausting our resources and possibilities, it became apparent that neither a restructuring arrangement with a new equity investor nor a sale of the business enterprise as a going concern outside of bankruptcy was to be forthcoming. Accordingly, our board made the determination that a Chapter 11 store closing process will likely be the best way to maximize the value of the companyís assets, for the benefit of its creditors."
Karmen Pedaru Covers Vogue Germany June 2013
Givenchy Embellished Cotton Jacket With Back Pleats
Jimmy Choo Dream Rope-Tie Elaphe Sandals
Elsa Hosk for Vogue Brazil May 2013
Keira Knightley Marries