>> On the heels of news that Sarah Jessica Parker and Harvey Weinstein are both on their way out from Halston, the next logical question is: What about Halston creative director Marios Schwab?
According to WWD, there's recently been speculation that Schwab's contract may not be renewed unless he relocates from London, where he designs his eponymous collection, to New York, where Halston is based. Adding fuel to that fire is the fact that Halston owners Hilco Consumer Capital currently seem to be interested in pursuing a licensing model over selling the brand or seeking additional investment to support Schwab.
But where did it go wrong with Parker? WWD points out: "Unlike Victoria Beckham and Mary-Kate and Ashley Olsen, who have made successful transitions into fashion, Parker never put her entertainment projects on the back burner to focus exclusively on Halston and instead spent months on movie sets when she might have been a fixture in Halston’s showroom . . . In the early days, Parker was very involved in the Halston Heritage design process and, on occasion, sported the label in her public outings. Over time, however, the actress is said to have used her role at the firm to demand the kinds of clothes she wanted for herself, which were often at odds with the positioning of the contemporary Heritage collection and the overall DNA of Halston."
Under Parker's current agreement with Hilco, which is in the process of being terminated, she is said to be entitled to roughly $13 million over the next four years.