Comeback kid (?) Lindsay Lohan has already gone back to her complicated lifestyle of dramarama mixed with rich-people acquisitions. We could talk about her for hours—she just never stops! All that Red Bull, maybe. Here we go.
Betsey Johnson defaulted on a $50 million loan. Steve Madden bought the debt, and as collateral, Johnson put up all of her company's intellectual property — every design, every idea, everything that makes the brand its lovable pink-punk self.
Brad Pitt and Angelina Jolie have designed a fine jewelry collection for Asprey, which goes on sale this week. The line, themed around snakes and called "The Protector," starts at $525; all proceeds go to support Jolie's children's charity. [WWD]