Peter Som has just resigned  from his position as the creative director of Bill Blass. The company, which has been under financial turmoil, made a decision to forgo participating in Fashion Week in September. This was reportedly the last straw that lead Som, who has only been with the company for one year, to leave the company.
Representatives for Bill Blass and Som did not return calls for comment. I guess his one stellar Fall collection for the house  will be his last.
Update: That Fall collection will not be his last! Apparently he is contractually bound  to present his Spring 2009 collection in New York in September. The fate of Som and the house of Bill Blass lay in the hands of the fashion gods. What pray you?
Update: Peter Som and Bill Blass financiers, NexCen, are currently working on resolving their issues. According to a source , Som is upset but willing to work with the company on the 2009 Spring collection which includes showing the collection to retailers in their showroom instead of the runway. The source also believes that Som would definitely continue working at Blass if NexCen is able to sell Blass to an owner that will support Som's vision for the company.