Happy 42nd Birthday Naomi Campbell!!!
Kardeezy & Yeezy Canoodle All Over Cannes
Kristen Stewart Wears Grandma's Curtains In Cannes
Naomi Campbell Celebrates Her Birthday In The Holy Land!
Lea Michele: A Style Revolution
Kim Kardashian Gives Us Gwynie Déjà Vu
Heidi Klum Pole Dances For Hunger Magazine!
Meet Madonna's New Material Girl: Georgia May Jagger!!!
Proof The End Is Near: Bridal UGGs!
Queen Elizabeth II’s Old Panties Fetch $$$ At Auction!
Ralph Rucci: Dressing Kim K Is Bastardizing Yourself As A Designer
Kim Kardashian: A Style Revolution
Lady Victoria Hervey Leaves Nothing To The Imagination
Lea Michele Is Breast Dressed At Letterman
Lindsay Lohan Chooses Elizabeth Taylor Wardrobe!
Gucci Is The Biggest Loser In GUESS Trademark Lawsuit
Victoria Beckham Rubs Sheep Afterbirth On Her Face!
Maintaining Queen Elizabeth II's Wardrobe Is A Weary Business!
Cheryl Cole Is Captivating On The Cannes Red Carpet
Taylor Swift: A Style Evolution
The Queen Of Swaziland's Sweet Minty Swagger!
Cher Defends Rihanna's Scantily Clad Dining Attire
Kat Graham Goes Wild In Las Vegas
Katy Perry's Sparkling! A Firework In Blumarine!
Taylor Swift Takes The White Carpet Cake In Red
A Pantless Miley Cyrus Turns Heads In Las Vegas
Salma Hayek Dips Herself In Glittering Chocolate
Rocawear Celebrates Battleship Release With A Capsule Collection
Tilda Swinton's Golden Goddess Candy Goodness!
Victoria Beckham Will Have Her Own Store Soon...She Hopes
Ladies Flock To Calvin Klein's Women In Film Celebration
Adele's British Vogue Cover Is A Worst Seller
The Duchess Of Cambridge Is Whimsical At Windsor
Milla Jovovich Is Marilyn For Madame Figaro!
Tyra Banks Picks Her ANTM Replacements!
Kat Graham Sizzles At The CW Upfront
Kate Moss Is Back On The Cover Of Harper's Bazaar!
The Vatican & Benetton Kiss & Make Up Over Pope Ad
The Situation Is Still Going After Abercrombie & Fitch
Eva Longoria Shuts It Down At The Cannes Film Festival!
Mischa Barton Makes Out With A Panda For Tyler Shields
Ke$ha Cleans Up Nicely For The BMI Pop Awards
Kristen Stewart Checks Herself In Berlin
Tupac Was NOT A Homophobe, Was BFFs With Gianni Versace
Justin Bieber: Not A Tween, Not Yet A Man In GQ
Karl Lagerfeld Is God...In Jean-Roch & Snoop's Music Video
New Fragrance Celebrates Same-Sex Marriage!
Justin Bieber's Fragrance To Be Honored At The FiFi Awards
Gisele Bundchen Bares Her Sandy Behind For Vogue Paris
There's good news and bad news for Betsey Johnson.
On Thursday, papers were filed with the Securities and Exchange Commission that Steven Madden Ltd. will take over the $48.8 million loan BJ has defaulted on.
However, if Betsey can't pay back the copycat by August 20, 2012 Madden could end up owning the brand because the company's intellectual property was used as collateral to secure the loan.
Other items used as collateral include "personal property, accounts, deposit accounts and cash, equipment, fixtures, general intangibles, goods [and] inventory."
Wow, that's a lot to lose.
Lets hope she can pay it back!
[Image via Flashpoint/WENN.]
Tags: default, loan, sec, securities and exchange commission, steven madden ltd
Posted: September 3, 2010 at 11:00 am
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