Fashion tragedy! Halston, the glamorous 70s brand that mogul Harvey Weinstein was planning to revive with relentless sexiness, is not lighting the world on fire just yet. Harvey paid $25 million for Halston last year, but its latest collection got "largely unenthusiastic reviews"—a problem the company decided to solve by reining in its creative director and moving towards design-by-committee. Which always works well in creative endeavors, yes! For Weinstein, Halston so far is just another disappointing investment, along with his "Myspace for Millionaires" and his DVD business. Free solution, Harvey: get them to wear Halston on Project Runway. You can send a check to our office. [WSJ]