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Harvey Weinstein to Revive the House of Charles James

It appears that the movie mogul has found his latest fashion pet project.

Thanks to this year's Met Gala theme and Anna Wintour Costume Center exhibit, there's been a lot of talk lately about Charles James. Though the late designer was known as  "America's First Couturier," his work has been off the scene for over half a century, but now it looks like Harvey Weinstein wants to change that.

Like Schiaparelli after 2012's "Prada and Schiaparelli: Impossible Conversations" Met exhibit, Charles James could, too, see a revival.

According to a report by Page Six, Weinstein ­is working on a licensing deal with the British-born couturier’s family—namely, James' children Charles Jr. and Louise—that will help to relaunch the iconic brand, with an option for Weinstein to purchase the company altogether. The Weinstein Company and the James family would be the sole partners in the venture, and the movie mogul's wife, Marchesa designer Georgina Chapman, would be on retainer as a creative consultant. The Weinstein Company did not immediately respond to our request for comment.

Weinstein has made a major investment in reviving an iconic label before: Back in 2007, he and his brother Bob teamed up with investment firm Hilco Consumer Capital to buy Halston—a label whose heyday ended with the Disco era—in order to revive the brand. During his time on board, he brought on Sarah Jessica Parker to run the lower-priced line Halston Heritage, and designer Marios Schwab to head up the main collection. All three parties cut their ties with Halston in 2011.

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Since American fashion is lacking in the couture department, we can't wait to see how this deal unfolds.

UPDATE: In a press release sent out on Tuesday night, The Weinstein Company confirmed that it has agreed to license the Charles James label, with plans to reintroduce it to the global luxury market. Georgina Chapman, a co-founder of Marchesa, and her brother Edward Chapman, the CEO of Marchesa, will come on board as creative consultants.