Wednesday, April 27, 2011

Noooo!.... Could Halston be going out of business?

Halston has hired an investment bank to look into possibly selling the label. It gets interesting, because in 2007, Harvey Weinstein and Hilco Consumer Capital got the label in hopes to bring it back stronger to the market, with the help of Tamara Mellon, founder and President of Jimmy Choo. 

They even brought Sarah Jessica Parker on board to oversee the lower-priced line, Halson Heritage.  That fell through when CEO Bonnie Takher left leaving Parker mentor-less.
The problem is boiling down to more money needed for growth.  The company is already four years out, but investors are not quite sold on putting in their chips.
Lets hope something shakes here.  Halston is a great label!

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