Word: labelers
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Bronfman says the company (and presumably his image) has turned the corner. The music division, led by bands such as No Doubt and the Wallflowers, is performing well, and Universal is exploring the purchase of EMI, the British music label. His investment in another media company, Time Warner (TIME's parent company), has paid off. In February, Bronfman sold 15 million Time Warner shares for $64.38 each, or about $965 million, nearly double what he paid for them. Universal expects to open new theme parks in Florida and Japan in the next few years. When it comes to movies, however...
...clinging fabrics like jersey and cashmere and practical ones like Ultrasuede and his disavowal of the extraneous made him the quintessential American designer. But a businessman he was not. Long before he died in 1990, at the age of 57, he had lost control of his name, and his label was in tatters...
Hang on to your pillbox: Halston may be back. Under the guidance of designer Randolph Duke and managing director Carmine Porcelli, the Halston label is getting hotter than a mink stole in August. Geena Davis and Minnie Driver triggered a volley of flashbulbs when they wore Halston to the Oscars in March. Exclusive department stores are stocking Halston again. After three well-received fashion shows, naysayers who clucked that the label was best consigned to history are beginning to hold their tongue. Just as folks are fondly looking back on the old Halston haunt Studio 54, with two movies...
...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...
Neil: I think it's pretty natural to label somebody according to first impressions. I think it definitely holds true here...