Film producer Harvey Weinstein's The Weinstein Company is acquiring Halston--the legendary fashion brand--in partnership with Hilco Consumer Capital, a private-equity firm. Tamara Mellon, the
president of the luxury shoe brand Jimmy Choo, brought the deal to Mr. Weinstein and will help provide creative direction.
The deciding factor in the acquisition was "the iconic nature of
the Halston brand," Weinstein says, "and seeing how far ahead of his time Halston the man was."
James J. Ammeen, the principal shareholder of Neema, the previous owners, said its strategy
has been to separate it from its history. Ammeen, who was Halston's former CEO, will retain a seat on the company's new board. Since the death of its founder, Halston has been a turnstile for
designers. The partners have yet to name a CEO or lead designer for the brand, which will consist of a full women's ready-to-wear collection, with a focus on evening dresses.
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