Reality television mogul Simon Cowell and retail billionaire Sir Philip Green are finalising details of a new company they plan to run together.
Mr Cowell has a production company called Syco, which makes shows such as Britain’s Got Talent and X Factor.
Sir Philip would add his business acumen as the owner of BHS and Topshop.
“They’ve been good friends for a long time and there’s a good chance they’ll be working together,” Mr Cowell’s publicist Max Clifford told the BBC.