Movie mogul Harvey Weinstein is planning on relaunching the Charles James fashion brand, according to a U.S. report.

The movie producer wants to create an exclusive fashion house from the designs and archives of the late designer, who died in 1978.

James is being feted by an exhibition at New York's Costume Institute at the Metropolitan Museum of Art this year (14), which kicked off on Monday (05May14), and Weinstein wants to revive James' work with the help of his designer wife Georgina Chapman and her brother Edward.

Sources tell New York Post gossip column Page Six, "Talks have been ongoing to breathe new life into the Charles James name. There is a lot of interest to carry on Charles' legacy."

The Weinstein Company is in negotiations with James' children, Charles, Jr. and Louise, who possess all their father's designs and archived works, about a licensing deal with an option to buy the company.

It will not be Weinstein's first fashion venture - he invested in the Halston label in 2007 with Sarah Jessica Parker and others, but he sold his share in 2011.