It's official—Tom Ford announced in today's Women's Wear Daily he and longtime business partner, Domenico De Sole, are looking for financing to start a women's collection as earl as next fall. Although De Sole declined to discuss specific numbers, recent reports have estimated the duo needs at least 50 million to begin the new business.
Ford, who was in Tokyo to promote his film "A Single Man," sipped a Coke Zero during his interview with WWD and said, "I'm optimistic and this is something I plan on doing for the next 30 years of my life, so if I have to wait another six months or a year [to launch the collection], it's OK.
In the meantime, the designer/director is thinking about his next film—and planning to move production from Los Angeles to London where he can be closer to his design studio and jump easily back and forth between film editing and model fittings. [WWD]