Farewell to Holmes & Yang

Confirmed: Katie's label to close

The rumours were true: Katie Holmes is calling time on Holmes & Yang, the five-year-old fashion label she ran with her stylist BFF Jeanne Yang.

'After five successful years both Katie Holmes and Jeanne Yang have decided to close their clothing line, Holmes & Yang,' a representative for the actress confirmed exclusively to ELLE today.

'We would like to express our thanks and appreciation to everyone who contributed to helping the line including our customers, contractors, vendors and the press for their support over these past five years.

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Katie and Jeanne remain close friends and continue to pursue their respective careers.'

For Katie, that's a renewed focus on film. Miss Meadows, in which she plays the title character, will premiere at The Tribeca Film Festival, while The Giver will be in theatres this August.

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