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Marios Schwab, Harvey Weinstein Officially Exit Halston

Marios Schwab, Harvey Weinstein Both Officially Out at Halston

>> Marios Schwab's fate at Halston didn't sound promising yesterday, and now it's been determined: his contract, which expired, will not be renewed. It sounds like the Halston designer collection, too, is no longer: The brand will reportedly not produce a Spring 2012 collection, and it sounds like it's unclear as to whether the Fall 2011 collection will be delivered to stores.

Harvey Weinstein, who has had an equity stake in Halston for the past couple of years, has also officially split from the brand. As WWD notes, he brought high-profile attention to the brand with his name attached, but: "His role was essentially that of a figurehead with little or no operational responsibility."

Despite all the departures, Halston is still said to have full confidence from parent company Hilco Consumer Capital, which recently invested $7.5 million in the brand more after seeing recent growth at retail. The focus going forward is said to be on the secondary Halston Heritage line.

Image Source: Getty
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