You invested in the famed fashion house Halston four years ago. This summer the project collapsed, and you, investor Tamara Mellon, stylist Rachel Zoe, designer Marios Schwab, and Sarah Jessica Parker walked away. What went wrong? My knowledge of fashion could fill a thimble. I always read in those Harvard manuals that you bet on the talent. Tamara chose Marco Zannini, Rachel wanted Giambattista Valli-I couldn't tell the difference. There were forces on the board that alienated Rachel. Once we lost Rachel, the dream team was diminished.
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