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MELLON’S NEW LIFE: Matthew Mellon is moving on. The banking heir, man-about-town and entrepreneur has a new fiancée — and is launching yet another fashion business. Mellon has joined forces with his new bride-to-be, designer Nicole Hanley, to introduce Hanley-Mellon, a clothing line that will launch for spring 2009. “It’s a mix of Chloé, YSL and bohemian chic,” Mellon told WWD. The line will be produced in Hong Kong, with price points ranging from $500 to $1,000. It will be sold initially through Hanley’s store on 73rd Street and Third Avenue in Manhattan. Mellon and Hanley have hired former Chanel and Fendi designer Adam Drawas to design a capsule collection, which will debut at New York Fashion Week at the St. Regis Hotel, and a week later in London. Meanwhile, Mellon’s cashmere label, Degrees of Freedom, which he started with his former fiancée Noelle Reno, is stocked at Saks Fifth Avenue, and Harvey Nichols and Harrods in London. It will also be sold through Hanley’s store. Mellon said he and Hanley met two years ago at a wedding and began seeing each other in April. Mellon and Reno split earlier this year and Reno has since left the company.
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