Katie Holmes For Armani -- Her First Fashion Line

Katie Holmes‘ foray into fashion is just around the corner as she will release her own clothing line called Katie Holmes for Armani, reports OK!

Using daughter Suri, 23 months, as inspiration, Katie‘s first collection, out spring 2009, will be designed for toddlers.

But that’s not all! Mrs. Cruise, 29, will then create a line for older children for Fall 2009 and then women’s clothes and handbags for Fall 2010.

Katie Holmes For Armani will be available at department stores including Saks, Barney’s, and Neiman Marcus.

WOULD YOU BUY clothes from Katie Holmes’ new fashion line?

UPDATE: Katie‘s rep is denying these rumors.