In Brief: Halston Borghese, Inc.
This article was originally published in The Rose Sheet
Executive Summary
Halston Borghese, Inc.: Sale of Halston and Borghese brands as "separate entities" has not been ruled out, the company states July 14. Halston Borghese has retained Donaldson, Lufkin & Jenrette as its financial advisor. The company said it seeks an arrangement to provide "improved opportunities for growth," and economies of scale in manufacturing, distribution and product development. The only option Halston Borghese is not considering is the liquidation of the firm. Further announcements are expected in the fall. Backed by a group of Saudi Arabian investors, the firm was created in 1991 to purchase the Princess Marcella Borghese beauty products and Halston fragrance business from Revlon. The company later acquired the Nautica fragrance line from Revlon as well. Halston Borghese also licenses the Halston name for non-fragrance products...