PARIS — Lizzy Disney, recently dubbed one of downtown Manhattan’s up-and-coming “it” designers, has been tapped to relaunch ready-to-wear for Jacques Fath, WWD has learned.

Now based in London and Paris, Disney, 30, is expected to unveil her first collection for fall 2002 during Paris fashion week March 7 to 16. As reported, Jacques Fath is one of the houses slated for renewal by France Luxury Group, an upstart fashion conglomerate headed by former Chloe and Richemont executive Mounir Moufarrige. He has teamed up with French entrepreneur Francois Barthes to build a stable of luxury brands, initially focusing on Fath, Scherrer, Emmanuelle Khanh and Harel, the high-end shoe firm.

Reached late Wednesday, Moufarrige had no comment.

Fath has not produced a ready-to-wear collection since 1997. The French designer — who founded his house in 1937 and earned a reputation for hourglass shapes, plunging necklines, full pleated skirts and a sense of showmanship — died of leukemia in 1954.

A classmate of Stella McCartney’s and Hussein Chalayan’s at the famous Central St. Martin’s School of Design in London, the British Disney made her runway debut in New York in February 2000, winning praise for her combination of Forties sophistication with offbeat chic.