Steve Madden certainly seems to be busy these days. The footwear tycoon has reportedly been in discussion with brightly-colored, headline-making starlet Katy Perry on a possible "creative collaboration" a la SJP and Halston (but not the same, at all). Perry has recently been under public scrutiny after her Sesame Street scandal, where a duet with Elmo was yanked off TV after Perry was deemed as being dressed to cleavage-y. Those kid's shows—what are they thinking, right? Add that to her upcoming nuptials to self-proclaimed playboy and leather pants lover Russell Brand, and Perry is downright famous these days. So Steve Madden noticed.
Madden himself has already partnered with Mary-Kate and Ashley Olsen for their Olsenboye and Elizabeth and James clothing lines, and with Zac Posen for his lower priced Z-Spoke label. And currently, is in the throws of helping out fellow designer Betsey Johnson with her financial woes. In September, Madden took over a $48.8 million loan to Betsey Johnson, which was in default. The company had until Aug. 20, 2012, to pay it back or else Madden would own the company.
Tags: Alia Rajput, arrangement, Betsey Jonson, Chantal Bacon, Elizabeth And James, Elmo, financial, Jonathon Friedman, Katy Perry, loan, Mary Kate and Ahley Olsen, Olsenboye, Russell Brand, Sesame Street, steve madden, Z Spoke, Zac Posen