Betsey Johnson To Refashion Finances In Ch. 11

Law360, New York (April 27, 2012, 8:42 PM EDT) -- Fashion house Betsey Johnson LLC filed for Chapter 11 protection in New York court on Thursday as the women’s apparel designer and retailer sought to make itself more attractive to potential buyers.

The New York-based house has approximately 400 full and part-time employees after laying off 46 corporate workers immediately prior to the file date, and operates more than 60 retail outlets and as well as selling its products at Macy's and Lord & Taylor and on its own website.

But sales at its retail stores...
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