2010oscars_nicolerichie.jpgBuzz on the web-o-sphere is that Nicole Richie is in discussions to be the new face of Halston.

According to Showbizspy, the fashion label which recently parted ways with its chief creative officer, Sarah Jessica Parker, is said to be looking for a famous face to help turn it around. The fashion house has suffered a couple of setbacks after it sought an injection of funds earlier this year. It then saw the departure of designer Marios Schwab in July.

"They wanted someone with Nicole's fashion credentials," a source said.

"She is the perfect ambassador for Halston and even wore one of their gowns to the launch of her own fashion brand last week. She'd love to produce a capsule collection with them."

[Showbizspy via Grazia UK]