Halston Sold
Hilco Consumer Capital LLC and The Weinstein Co. announced plans to team up to buy the Halston brand from Neema Clothing Ltd., with plans to revitalize the iconic fashion label under the direction of Tamara Mellon, founder and president of Jimmy Choo Ltd., who has been named to the Halston company’s board of directors. Hilco Trading is the parent company of Hilco Consumer Capital, a private equity firm that specializes in building brand-management businesses through the acquisition of retail and wholesale brands. HCC management will temporarily take over daily operations of the newly formed company while a management team is hired. The Weinstein Co. is a multi-media company founded two years ago by filmmakers Bob and Harvey Weinstein. Among The Weinstein Co.’s other properties is the fashion reality show “Project Runway.”
