It’s currently fourth in the US box office chart, having opened with $46m, below expectations.
It will be based on an Elle magazine article that purports to reveal “fashion’s best-kept secret”.
The film will be written by Mickey Rapkin, author of the Elle piece and the book Pitch Perfect, on which the hit film about competitive a cappella singing was based.
Feig’s Ghostbusters reboot has performed fairly well at the US box office after a flurry of fury from sexists furious that the property was being relaunched with an all-female principal cast.