Those excited for Peter Som's strides with Bill Blass have some worrying to do: The designer might not get to hem those legendary seams much longer. As Portfolio bluntly points out in a recent article, NexCen, the brand behind Bill Blass, is sinking. In need of funds and fast cash, the company's financial board may sell off Bill Blass to the highest bidder, whomever that may be. And if that happens, well, everything could get very shaky - the new owners could decide to license the brand, make it a mass market Macy's kind of deal, etc. The good news? Bill Blass by Peter Som is still on the schedule for September Fashion Week - at least for now.