Fashion week is descending upon us and the rumor mill is in overdrive but this just landed in our inbox and something rings true: After only three collections, Peter Som has submitted his resignation at Bill Blass. Perhaps he can't handle the stress of designing more than one collection? Let's face it, he's no Marc or Karl. Word is management at Nexcen is keen on keeping him on board, at least in name, until they can sell the brand. The tip comes a little over a month after The New York Times wrote this story about Nexcen's financial troubles in which they pointedly question the security of the brand's future. Design wise Som seemed to be doing fine. Maybe it's the lack of profits and business side he just can't, or doesn't want, to handle. UPDATE: Another tipster writes in, "Som was unhappy with the control Blass' management tried to execute over his creative aesthetic. He's been fighting with them since he got there."