Designer Betsey Johnson will be losing her ceo and longtime business partner Chantal Bacon, after almost 30 years with the company. The news was made official on Monday, WWD reported, just a month after Steve Madden Ltd. revealed it had taken over a $48.8 million defaulted loan to Betsey Johnson LLC.
Bacon and Johnson have been a dynamic duo since the days of Andy Warhol’s underground art scene, and we at SCS saw her by the designer's side as recently as last month's New York Fashion Week. Yet, Bacon has not been “actively involved” with the company since the spring and in an e-mail on Monday she noted, “Going forward, I will not be involved at all."
And as sad as the business breakup may be, Bacon seems content with her decision “I’m traveling now and my plans are to enjoy life to it’s fullest…and I’m loving it!” she wrote. Johnson’s chief operating officer, Jonathan Friedman, said he assumed some of Bacon’s responsibilities a few months back. A new ceo should be named in the coming weeks, he said.
And how is the kooky, pig-tailed design legend taking the news? "She is totally committed and will continue to be integral to the intricacies of the business,” Friedman said. “She is still very excited and energized. She obviously misses Chantal. But going forward she will continue to be the namesake of the brand, and will do what she does so well — design.”
Article Source: WWD
Photo Source: hamptons.com
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