betseyjohnson_h&m_target.jpgBesides the news that Betsey Johnson is forfeiting her New York Fashion Week show next season, another interesting bit of gossip has let slip.

Chantal Bacon, CEO of the brand, has revealed that Betsey is also "planning a limited-edition designer collaboration with a retailer that will likely launch in the fall."

*Grin* To find out more, read on...

While details of the collaboration are being kept under wraps, many are speculating that it will either be for H&M or Target. With many designers feeling the pinch right now, this makes perfect sense for Johnson.

I can't help but be biased. I hope that it's H&M who will be scoring a diffusion collection from her, but realistically she will probably be Target's next designer talent. You lucky Americans, you.