Katie Holmes is working on her own clothing label for Armani, with plans to introduce it later this year.

According to OK Magazine Holmes has signed a deal to launch her own fashion line, Katie Holmes for Armani.

It’s the first time a high-fashion house had a label affiliation with a non-professional designer.

A source said: “Right now this is Katie’s life. She is extremely excited about it.

“The first clothes will all be things she could imagine Suri wearing.”

The actress will reportedly release her line over the course of two years, starting with a collection aimed at toddlers for spring 2009.

A collection for older children will follow in autumn, followed by a handbag line and a women’s collection by 2010.

The source added: “The Katie Holmes for Armani collection will be comparable in price to the Armani ready-to-wear line.”

Speaking about her acting future, the source said: “Katie’s dedication to fashion does not mean she’s given up her acting career.

“She definitely wants to continue with that too, but right now this is her priority.”

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