
Simon Cowell and Topshop boss Sir Philip Green are said to be creating a new entertainment company.
The pair are apparently in talks about a deal, which is expected to be finalised next month.
Simon, 49, has production company Syco, which makes Britain's Got Talent and The X Factor.
And it's thought Sir Philip, 57, will bring his business acumen to a joint venture.
'They've been good friends for a long time and there's a good chance they'll be working together,’ Simon's publicist Max Clifford tells the BBC.
SEE PICTURES Best moments from The X Factor 2008>>
SEE PICTURES The X Factor final 12 get star makeovers>>
Get more news like this every week. Try 4 issues of the new-look Now for only £1>>
The ex-TOWIE regular shows off a striking up-do
The Voice star reveals her giant knickers in her chiffon gown
Find out where to get your hands on these great heels...
Daisy looks to mum Pearl for inspiration
And here’s how to get Millie’s golden glow…
Holiday? Beach? Tanning in the garden? Check out the hottest swimwear...
Justin Bieber's girl works cute bright mini at perfume launch