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Monday, September 6, 2010
Could Steve Madden be taking over Betsey Johnson?s company?
According to SEC filings this week, the shoe retailer bought $27.6 million worth of debt in the zany designer’s women’s line. Madden already produces handbags and belts for Johnson, and sources speculate the debt purchase could kick-start talks for a deeper venture. In 2007, private equity firm Castanea Partners took a controlling stake in Betsey [...]
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