Halston for Sale?
Since Halston’s relaunch in 2007, things have been anything but seamless for the iconic ‘70s fashion house.
A quick exit by Marco Zanini, the brand’s debut designer for a single season, the departure of CEO Bonnie Takhar, and the controversial appointment of Sarah Jessica Parker as the company’s president and chief creative officer have certainly kept Halston in the news—but the brand reportedly needs a bit of help in the business department.
According to Women’s Wear Daily, the label, which is owned by Hilco Consumer Capital and The Weinstein Company, has hired an investment bank “to explore its options, which could range from a cash infusion to a sale of the whole company, according to a source familiar with the situation.”
After four years, the company’s investors are reluctant to put more money into the brand, though they reportedly are still in need of capital for growth. Halston’s main line is helmed by designer Marios Schwab, while contemporary line Halston Heritage is overseen by SJP.
Halston is certainly not on the block just yet, though; “It’s a very complicated structure and dynamic at the board level,” WWD’s source said. Hilco had no comment on the potential sale story.
Get the full story from WWD.
Meanwhile, check out the Halston Fall 2011 collection here.
