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Sarah Jessica Parker is saying sayonara to Halston. SJP was supposed to make $10M over 3 years as an owner and designer for Halston, but she has decided to leave the fledgling company, along with Harvey Weinstein.
According to NY Post,
Sarah Jessica Parker and Harvey Weinstein are taking a painful final markdown at Halston.
Parker, famous for playing Carrie Bradshaw in “Sex and the City,” is getting a payout of more than $3 million in exchange for her ownership stake in the flailing fashion label — as well as an exit from the remainder of her contract as a Halston designer, The Post has learned.
Meanwhile, Hollywood mogul Weinstein is selling his stake in Halston, which had approached 10 percent, for between $1 million and $1.5 million, as the company finalizes a restructuring of its mounting debt load that could be announced as soon as today, sources said.
Harvey Weinstein, who co-owns Halston with Hilco Consumer Capital, is exiting the once-iconic fashion label, along with Sarah Jessica Parker, the brandâ€™s chief creative officer, after clashing with Hilco.
Those sums, while tidy by the standards of a struggling fashion brand, are paltry compared with what Parker and Weinstein had hoped to reap by returning Halston to the prominence it enjoyed in the ’70s and ’80s.
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