Since his girlfriend Georgina Chapman fancies herself a designer, Harvey Weinstein out of the blue just announced plans to buy up the ex-iconic dress label Halston. Surely, you remember all those Studio 54 jersey knit disco dresses from the '60s and '70s that resisted stains from spilled scotch or cocaine. Re-launched in 1997, Halston now needs the jaws of life. Enter Hollywood: Weinstein Co. with Hilco Consumer Capital have partnered to acquire the fashion house. Harv may make a documentary on the life of designer Roy Halston Frowick. "Two years ago, when my brother and I started The Weinstein Company, one key component we were talking to the investors about was finding a name brand to acquire to diversify our company, just like Arnon Milchan did with Regency and Puma," Weinstein told WWD. The part-ownership deal was brought to them by Jimmy Choo's Tamara Mellon; her reward was being made Halston's newest creator director. TWC's already put-upon investors must be thrilled at yet another colossal waste of their money.
