Betsey Johnson sold!

WWD Reports - Betsey Johnson, who is known for her unorthodox personality and for doing cartwheels at the end of her runway shows, has always done things her own way. After developing a strong following for her girly, frilly dresses and sportswear at department stores, the company embarked on an aggressive push the last few years to open freestanding stores and extend Johnson's label through licensed products.

Despite turmoil in the credit and stock markets, private equity deals continue to flourish in the fashion world and the latest involves Betsey Johnson. The quirky contemporary sportswear and dress designer has sold a controlling interest in her company to Castanea Partners, a private equity firm based in Boston. Currently, Johnson generates a little over $200 million in retail volume through its 51 freestanding stores and wholesale distribution.

Read More: WWD

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