Finally some good news for Bill Blass! Peacock International Holdings LLC, which just purchased the label from NexCen for the bargain price of $10 million, says it plans to revive the Couture division within nine to twelve months. (The Couture division is what Peter Som's ready-to-wear line was a part of.) A Peacock executive says they have some ideas of who they want to design the line but won't name names. [Heard on the Runway/WSJ]