>> Halston, which was acquired by Hilco Consumer Capital and Harvey Weinstein's The Weinstein Company in 2007, is said to be looking for some more funds these days. According to a source familiar with the situation, WWD reports, the brand has hired an investment bank to explore its options, which could range from a cash infusion to a sale of the whole company.
The contemporary Halston Heritage label, of which Sarah Jessica Parker is president and chief creative officer, has been gaining traction since its launch a year ago. It “was definitely a viable business,” says the source, but the company needs more growth capital and the investors don't want to put more money in after four years. It could be tough to do a deal, however, the source warns: “It’s a very complicated structure and dynamic at the board level."
Richard Kaye, EVP and chief marketing officer at Hilco Trading, Hilco Consumer Capital's parent company, had no comment on any future plans for Halston.