The designer brand has until mid-August to complete the sale — if not, WHP Global’s back-up bid could prevail.
The designs are based on the designer’s personal collection of instruments.
“We’re going to announce it at some point in an interesting way,” the actress said of the project, expected to be released in 2020.
The Jonas Brother has teamed with designer John Varvatos on Villa One, a new line of tequila.
The line will be unveiled at an event at the designer’s Bowery store on Wednesday night.
The show should help target international department and specialty stores.
Chief executive officer Mark Brashear’s three-year strategy centered around restructuring and reenergizing the 19-year-old brand.
The Southern California band is also the first rock group to be signed to Big Machine/John Varvatos Records.
This is the 31st unit for the designer men’s wear brand but its first in that region.