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In Brief: Halston Borghese

This article was originally published in The Rose Sheet

Executive Summary

Halston Borghese: Selling Borghese cosmetics business in a deal to be completed by spring, the company announced. Halston Borghese has signed a letter of intent to sell the brand to an investment group comprising some of the Borghese family. In July, the firm indicated that it was seeking an arrangement to provide "improved opportunities for growth," and economies of scale, and that it was not ruling out sale of the Halston and Borghese brands as separate entities. The firm has also announced the resignation of Ray Balratico as president and CEO effective Jan. 31...
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