Innovo Splits with Betsey
Los Angeles–based Innovo Group ended its denim licensing agreement with New York–based Betsey Johnson, following lower-than-anticipated sales during the first six months of 2005. The collection brought in $283,000 during that period, which represented 1 percent of Innovo’s overall sales. Innovo agreed to pay the one-time fee of $350,000 to terminate the deal.
