Betsey Johnson Plans to Close Most of her Boutique Locations
In very said news today, Betsey Johnson filed for chapter 11 bankruptcy, and will be closing most of her boutique locations. Betsey Johnson LLC has been in financial difficulty for some time, and was bought by Steven Madden Ltd. in 2010. Betsey Johnson will still remain the creative director of the brand. She has plans of a runway show in September, and a reality show that will start filming at the end of July.
Betsey is going to start focusing on the moderate priced Betsey Johnson label, which can be found at Macy’s Inc. and other retailers. About 75 percent of her spring merchandise will be moderately priced, and the rest will be a designer price point. Betsey Johnson told WWD, “I love the moderate-price range. It is in sync with all the girls who are buying my clothes”.
The 63 Betsey Johnson stores are planned to start closing in a few weeks. The company intends to keep four or five flagship stores in New York, Los Angeles and other major cities. Betsey Johnson said, “I feel so sad for my store people and all my pink girls. They live and die for me. But I need to be better. I really need to work well and be more efficient.”
Best of luck to Betsey as she starts a new chapter. I don’t know many people at 70 that can still do cartwheels!
Bill Cunningham’s Hats Sell Out in Record Time
Bill Cunningham’s William J hats have made quite an impression on 1stdibs.com customers. The 23 exclusive hats sold out in 10 minutes. This sets a new record for 1stdibs.
While the name of the sole buyer of the hats could not be revealed, it is said she is a friend of the cycling fashion photographer. She paid around $20,000 for the collection of hats. It is good to know that the hats are in good hands, and she is going to donate them in Cunningham’s name to a New York City art museum.
Collaboration With J. Crew and Manolo Blahnik Won’t Happen This Season
At New York Fashion Week in February J.Crew president/creative director Jenna Lyons and her team showed samples of the Blahnik shoes in various fabrics and colors on models for the J. Crew presentation. Priced at about $600, the pointy pumps were to debut this year at jcrew.com and in select J.Crew stores. Everyone was looking forward to this collaboration. Now Blahnik confirms it won’t be able to produce them this season because of “wholesale production restraints” or possibly cpuld not produce enough in time. Blahnik president George Malkemus said, “Although we were looking forward to the potential collaboration between our two brands, we both came to the conclusion that fall wasn’t the right time.” Lyons added, “While we couldn’t do this for fall, we hope to collaborate in the future.” That’s sort of like saying, “We’ll see about going to the ice cream place.”
Lanvin has Fashion Show in Beijing after 5 years
On Thursday, Lanvin held a fashion show in Beijing after a five years hiatus. The designer, Alber Elbaz, said there was a lot to catch up on. In five years, much has changed in the Beijing fashion industry along with countless other aspects of the Asian culture.
Elbaz said, “What I wanted to do tonight is not bring them a show and a price tag and a location and an address to say go and shop tomorrow…What we want to do tonight is to [bring] back the dream of fashion”. The show consisted of 61 models and 70 looks at the Beijing hotel.
Some fall looks seen at the show were closely tailored pieces, jewels and feathers. “For me, all women around the world are alike. They all like a red dress, they like a bit of chocolate before bed, they all cry at the same things. I don’t see there is a difference, in the end, between an Asian woman and an American women,” Elbaz said.
– Katie Schmitz
Source: WWDSee the Top Ten Summer 2016 Trends for Women Over 40