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Betsey Johnson's Daughter Lulu Is Launching Her Own Line

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The Betsey Johnson era may be coming to a close, but her spirit will live on in her daughter Lulu's new line, Lulu and Allison. "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 line she's launching with her best friend Allison McClellen. "It's a line for women who still want to be hip, sexy, and cool."

Betsey, who is also starring in a forthcoming Style Network reality show with her daughter, appears to be thrilled about it all. "It's going to work for you because it's what you want to wear," she tells her daughter in a video shot by The Stylish. "My archives, my knowledge, everything—I hope at the end of the day, I give it all to you and hope that you're happy." See that and more mom-daughter adorableness after the jump.

· Betsey Johnson Files for Bankruptcy, But Don't Worry, She's Still Doing That Reality Show [Racked]
· Gird Your Television Sets: Betsey Johnson Is Getting A TV Show [Racked]