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    Betsey Johnson Files for Bankruptcy

    5min People

    by 5min People

    Betsey Johnson's 63 freestanding stores and e commerce has filed for chapter 11 bankruptcy. Most of the 63 stores will close within the next few weeks and over 350 employees are expected to lose their job. The company's CFO released a statement saying the company has been struggling for months and due to cash flow problems they had no choice but to file for bankruptcy.