Word: catterton
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Dates: during 1990-1999
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...success come too fast? Just last week Catterton Partners, an investment firm with no real experience in fashion, bought the Halston label from current owners Tropic Tex International, a clothing importer and marketer. Tropic Tex was so dogged by production, delivery and cash-flow problems that many retailers had declined to stock Halston again. Catterton stepped in to provide a desperately needed infusion of capital, and the company vows that all current orders will be filled. But it is unclear whether the private venture-capitalist outfit will be able to meet the needs of a white-hot clothing line...
...Assuming Catterton can keep the cash flowing, Halston's prospects look bright. The company has an impressive lineup of licensees, the press and retailers love the clothes, and the label enjoys sterling-silver brand-name recognition. But only time will tell whether Halston's future is as good as its seams...
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