Steve Madden Could Own Betsey Johnson?! Say It Isn’t So!

Steve Madden Could Own Betsey Johnson?! Say It Isn’t So!

Betsey Johnson defaulted on a $48.4 million loan from Steve Madden Ltd. As a result, Steve Madden could end up owning Betsey Johnson if she doesn’t come up with the money by August 20, 2012.

Oh, Betsey. I love you dearly and it would break my heart if Steve Madden takes over.

Should we start a collection plate?

Image Courtesy of Zimbio

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