Suri Cruise Is Not Really Starting a Clothing Line [Updated]

By
Photo: Alo Ceballos/FilmMagic

She's only 7, but paper of record the Sun alleges that Suri Cruise is getting her own $2.3 million fashion line. The collection of kids' clothes is supposedly headed by the precocious child, but mom Katie Holmes and stylist Jeanne Yang (those of Holmes & Yang) will help with, you know, everything. The tabloid's anonymous "source" says, "It’ll be interesting to see how it pans out, there’s nothing around quite like it." Update: You'll be shocked — SHOCKED — to know that this is all baloney, according to Holmes's publicist, who said the rumors were "100 percent false."