New York Fashion Week Halston Fall 2011.jpgHalston is plotting yet another return to the runway after the majority of its creative team and investors left the label last year.

Now the New York brand is setting its sights on New York Fashion Week next February, according to the company's chairman and chief executive officer, Ben Malka. Of course it also helps that Malka, who is the former president of BCBG, has injected $20 million into the struggling label to keep it going. His plans for a return to the catwalk in 2013 have clearly been helped by this boost in funds.

"We are very well-funded, so I don't have to worry about that. The money was put in by myself and my partners in a big way," he told WWD. "The amount is enough for us to screw up for a long time."

Halston lost its footing after the departure of several key figure executives including Sarah Jessica Parker, Bonnie Takhar, Tamara Mellon, Harvey Weinstein, and its creative director Marios Schwab.