14 July 2011

UPDATED: Harvey Weinstein Confirmed to leave Halston

UPDATE: WWD are reporting that Weinstein has confirmed his exit from Halston Heritage, as reported below yesterday.

However, WWD also states that 'sources indicated that the business still has the full confidence of its parent company, Hilco, which has invested $7.5 million in new capital, as the brand has seen recent growth at retail' and also that 'Other developments regarding the future of the brand could be disclosed in the next 10 days'

Watch this space people...

They are falling like flies over at Halston. First we heard that Sarah Jessica Parker had exited Halston Heritage, and now it seems that the next to leave is movie mogul, Harvey Weinstein. As the money behind the brand, and has been since 2007, this is huge news, and could possibly result in the closure of the rejuvenated label, where the current Creative Director is Brit-based designer, Marios Schwab. According to WWD, we can expect a statement from the brand imminently.


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