sirphilipgreen_simoncowell.jpgTwo of fashion and showbiz's biggest moguls are about to join forces to create a new entertainment company.

Sir Philip Green and Simon Cowell are reportedly hoping to launch their new company in the next couple of weeks. Cowell is said to be overseeing the production of television shows, similar to that of X Factor and Britain's Got Talent. While Green will look after the business and finance areas of the company.

"They are looking at Disney, who are the best people on the planet when it comes to merchandising," said source.

I wonder whether they will recruit Kate Moss for a reworked version of supermodel X Factor? You never know...