Hourglass (1995)

Michael Jardine (C. ThomasHowell), a successful fashion designer finds himself the key suspect in the murder investigation led by police detective Cecil Dish (Ed Begley Jr.) when his wife drowns under mysterious circumstances. Meanwhile, he falls into a destructive relationship with obsessive fashion model Dara Jensen (Sofia Shinas). Adding to Jardine's crises is a potential hostile takeover of his company by a rival firm that is marked by threats of blackmail and violence.