Previous reports that Harvey Weinstein's involvement with Halston had been terminated were confirmed this morning. The label's remaining investor, Hilco, has reportedly invested $7.5 million in new capital to make up for Weinstein's financial withdrawal, signaling its commitment to the house's survival.
Update: Reports have emerged that Halston's designer, Marios Schwab, has also left the fashion house. His designer-level Halston collection is said to be discontinued, and the label will instead focus on its diffusion line, Halston Heritage (which Sarah Jessica Parker formerly oversaw). Halston won't show a collection for spring 2012, and it's still unconfirmed whether the fall 2011 collection will even be delivered to stores.