Katie Holmes Issues Statement after Closing 'Holmes & Yang' Fashion Line (Exclusive)

Katie Holmes has broken her silence about her and longtime stylist Jeanne Yang‘s fashion line Holmes & Yang.

The pair shared in a joint statement given exclusively to JustJared.com on Monday: “After five years, both Katie Holmes and Jeanne Yang have decided to close their clothing line, Holmes & Yang.”

The statement continued, “Katie and Jeanne remain close friends.”

Katie and Jeanne dressed many top celebrities together in Holmes & Yang including Rihanna, Amy Adams, Jennifer Lawrence, and Olivia Wilde.

Busier then ever, Katie will soon be promoting her dystopian flick The Giver, out August 15, with Meryl Streep, Jeff Bridges, Alexander Skarsgard, Taylor Swift, Cameron Monaghan, Brenton Thwaites, and Odeya Rush.

Although Jeanne, one of Hollywood’s top male stylists for the past decade, is notorious for never confirming her client roster, sources tell us that she dressed top talent for last night’s Academy Awards including Oscar winners Christian Bale and Alfonso Cuarón, who just took home Best Director for Gravity.