How much did Halston sell his company for?

How much did Halston sell his company for?

In 1973, Halston sold his line to Norton Simon, Inc. for $16 million but remained its principal designer.

Who did Halston sell his business to?

In 1973 Halston sold his business to the Norton Simon conglomerate for $16 million but continued as principal designer. He later signed (1982) a contract to design an affordable clothing line for the mass retailer J.C. Penney.

Who owns Halston today?

Revlon still retains the rights to Halston fragrances, but the clothing has been owned at one point by Catteron-Simon, James J. Ammeen, Jimmy Choo, and Tamara Mellon, and a second line called Halston Heritage was developed. Presently, Halston Heritage is owned by Hilco Consumer Capital.

What caused Halston downfall?

Meanwhile, Halston’s growing reputation of excessive spending and erratic behavior increasingly left his brand to the decisions of businessmen and creative control to other parties. Halston was relegated to the sidelines, and his corporate deals effectively cost him the right to his own name.

Why was Halston fired from his own company?

Due to his party life and drug use, Halston was fired from his own brand by Norton Simon in 1984 and he lost the rights to design under his name. He spent the remainder of his life trying to regain control of his brand, but was ultimately unsuccessful.

Did Halston buy his name back?

Despite these business successes, Halston grew frustrated, and in 1984, he bought back his company, which was then owned by Playtex.