Betsey Johnson Files for Bankruptcy

Betsey Johnson is filing for Chapter 11 and soon, most of its 63 stores (including the one inside the Mall of Millenia?) will close. If you're a fan, some of her merch will be available at Bloomingdale's, Saks Fifth Avenue and Nordstrom. Wonder if this is why her daughter Lulu has an upcoming show on The Style Network documenting her attempt at stepping out of her mother's shadow and starting her own line.