Katie Holmes Parts Ways with Design Partner Yang

Vogue reported that Katie Holmes and design partner Jeanne Yang, co-founders of fashion label Holmes & Yang, have parted ways after five years of working together. Holmes' rep confirmed that they are no longer working on the line, but did not give any reason for the split.

"Jeanne enjoys the spotlight way more than Katie does," a source told the New York Post. "Things have definitely soured between them... Katie's living in New York and Jeanne's living in LA, which hasn't made it easier."

Holmes has been actively pursuing her acting career and just wrapped filming on The Giver opposite Meryl Streep as well as three more upcoming roles in Responsible Adults, Mania Days and Miss Meadows slated for 2014.

About Holmes & Yang:

Katie Holmes and longtime stylist Jeanne Yang have come together to create Holmes & Yang, a luxury designer collection that debuted in the Fall of 2009. Katie and Jeanne's inspiration was born out of necessity; the designing duo was constantly looking for easy, timeless pieces that could carry them from day to night, casual to cocktail, work to weekend.

The designers chose to launch with a very limited production run, investing their time on each piece to make it as valuable and special to the customer as possible. All of Holmes & Yang's offerings are of heritage-quality and are proudly made in the USA, which is of the utmost importance to the designers when creating each collection. Paying special attention to these details, the designers spend time with all of their factories to build lasting relationships in the garment district.

Top priorities for creating Holmes & Yang were supreme quality of fabrics, perfecting the fit, and attention to small details, which is evidenced in the luxurious and sophisticated one-of-a-kind pieces that will find a permanent home in every chic woman's closet.