“Charles James: Beyond Fashion” opens to the public on May 8 at the Metropolitan Museum of Art in New York City, while new rumors emerge about the legendary brand making a reappearance.

The “Beyond Fashion” exhibit, which opens Thursday, celebrates the work of Anglo-American couturier Charles James (1906-1978) with a look at some of his most iconic pieces.

Fêted Monday night with the annual Costume Institute Gala, aka the Met Ball, it’s the first exhibition in the space since its $40 million rebuild and subsequent renaming in honor of Vogue editor and Condé Nast artistic director, the British-born fashion journalist Anna Wintour.

In more exciting news, according to New York Post’s Page Six, there are rumors that movie mogul Harvey Weinstein is ready to breathe new life into the label. The proposed deal would see Weinstein, who is married to Marchesa designer Georgina Chapman, strike a deal with the James family to rebuild the couture house with the possibility of a range of lines and even a fragrance.

On the morning of the Met Ball, Michelle Obama presided over a ribbon cutting for the Met’s new Anna Wintour Costume Center showing off the James exhibition. Some of fashion’s biggest names including Calvin Klein, Oscar de la Renta, Diane von Furstenberg, Michael Kors, Carolina Herrera, Donatella Versace, Marc Jacobs, Donna Karan and Ralph Lauren were all on hand for the opening ceremony.

Inside The Charles James Exhibit At The Metropolitan Museum Of Art In New York City