The two met at Parsons School of Design in Manhattan and launched the label in 1988, adding a bridal business in 1996. In 1989 they won the Fashion Institute of Technology's Mouton-Cadet Young Designer Award, presented by Philippine de Rothschild. Escada acquired the brand in 1992 — the designers keeping creative control — then sold it in 2004 to Candie's, later Iconix Brand Group.
The label expanded through licensing into eyewear, handbags, fragrance, footwear and bridal, and by 2020 was running more than ten licensing deals. In 2017 Iconix sold Badgley Mischka back to Mark Badgley, James Mischka and Titan Industries for $16 million. Sharon Stone has been a spokesperson and Melania Trump a regular client.