Halston fashion brand sold
Fashion brand Halston has been sold to a partnership comprising private equity firm Hilco Consumer Capital, LLC and The Weinstein
The investor group plans to revitalise the brand, which is best known for dressing the international jet-set during the 1960s and 1970s. Creator of the brand, Roy Halston Frowick, became famous after launching a collection for Bergdorf Goodman in 1966 and Elizabeth Taylor, Jacqueline Kennedy Onassis and Andy Warhol were counted among his clientele.
The Halston brand and other assets were acquired from Neema Clothing Ltd., whose founder and principal shareholder is James Ammeen. Financial terms of the deal were not disclosed.
Founder and president of Jimmy Choo Limited, Tamara Mellon, will help to structure management and provide creative direction for the brand. HCC management will temporarily oversee day-to-day operations of the newly formed Halston Company until a management team is established.
