After a mass exodus of Halston’s design team and investors last summer, former BCBG president Ben Malka swooped in to turn things around. Perhaps even more important than his experience in the contemporary womenswear market was the cash he brought with him: a $20 million infusion that’s since kept the company afloat. Malka tells WWD his turnaround plan is working: Halston Heritage is selling well in various department stores, and he plans to bring back the Halston runway collection for fall 2013. As for any lingering money troubles, WWD reports:
“We are very well-funded, so I don’t have to worry about that. The money was put in by myself and my partners in a big way,” he said. While he demurred on the amount of his stake, he quipped, “The amount is enough for us to screw up for a long time.”
Related:
Halston Poached BCBG Max Azria’s President After All
Who’s to Blame for Screwing Up Halston?
