Eric D. Schaeffer is to direct the new adaptation by British playwright and screenwriter Heidi Thomas.
Set at the turn of the 20th century in Paris, "Gigi" is a romantic comedy about a young woman groomed to be a companion to a bored, wealthy playboy with whom she ultimately falls in love.
"'Gigi' lets us escape to an idyllic place where the girl gets the guy and love does conquer all. Heidi Thomas has restored 'Gigi' to her rightful place at the center of the story, backed by a funny, warm family of women that show the men in the world around them the finer meaning of life and love. This is 'chic lit' musical theater," producer Jenna Segal said in a statement.
"It's a touching, funny, captivating story of love and all the trials that go with it. Set in the most beautiful era in the history of the world's most romantic city, the messages in 'Gigi' endure: 'Know your own worth. Write your own rules. And when you find love, never let it go,'" said Heidi Thomas, writer and co-producer of the hit BBC/PBS series "Call the Midwife."
2013 marks the 40th anniversary of the debut of "Gigi" on Broadway.
Casting and the full creative team for the revival will be announced at a later date, the show's producers said.
Celebrity Families of 2014 [PHOTOS]