Bill Blass to Reveal New Designer Soon

After filing for bankruptcy and shuttering about a year ago, Bill Blass is finally readying for a comeback that will hopefully beat the one Christina Aguilera attempted. Peacock Holdings bought the label for $10 million in late December of last year. Now the rumor is that Jeffrey Monteiro will be appointed head designer of the women's collection. Monteiro moved to New York from Australia to design for Mayle. He later was design director at Derek Lam, and launched his own collection in the fall. Peacock says they'll reveal a new designer in a few weeks. Maybe we'll see them on the runway soon. [WWD] [THE CUT]

OMG moment: Lacroix needs a buyer now!

The Christian Lacroix couture show walks tomorrow in Paris, but things are not looking good for the house, which filed for bankruptcy in May. WWD reports employees were told Friday that the workforce could be cut from 124 to 12. This would effectively reduce the house to a licensing operation. Lacroix could survive if a buyer swoops in and rescues it. So all those clients waiting on couture orders might not get their clothes. Certainly a billionaire with a zoo in their backyard must be interested in throwing some money at Lacroix. Or maybe Julian Schnabel can invest after he sells the Palazzo Chupi. He may as well start wooing the couture clients now that they're likely to have all this extra cash lying around.

As reported in New York Magazine.