Breaking News: Betsey Johnson's Daughter Lulu Launching Her Own Line

Fear not Betsey Johnson fans!  Racked has reported that Betsey Johnson's daughter Lulu will be launching her own line, Lulu and Allison, with her best friend Allison McClellan.  "It's definitely going to have a Betsey aesthetic, but we did tone things down and kind of make them more modern," says Lulu Johnson of the new line.  

Betsey, who is also starring in an upcoming reality show Betsey + Lulu on the Style Network, seems to be thrilled for Lulu!  "It's going to work for you because it's what you want to wear," Betsey tells Lulu in a shot by The Stylish.