Isaac Mizrahi is about to make his maiden voyage into the fragrance world — with an eye to expanding into additional categories, including color cosmetics, as his beauty reach grows. Mizrahi, now creative director of Xcel Brands Inc., is set to launch a women’s scent named Fabulous, the first fruits of a beauty licensing deal inked with The Cloudbreak Group in November. The deal — one of roughly 34 licenses covering more than 70 categories in which Mizrahi is involved via Xcel — gives...