Katie Holmes and Tom Cruise Officially Divorced: Katie Holmes Starts Fresh as Fashion Designer?

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After actress Katie Holmes finalized her divorce to Super Star Tom Cruise earlier this week, now the 33-year-old actress looks to start fresh as she embarks on a new career in a new city. According to reports, the ever-so fashionable Holmes will debut with her own clothing label at the New York Fashion in September.

In 2008 Holmes along with stylist Jeanne Yang started her label for Barney's New York. So although Holmes' label is not new, this will the first time it will be presented with the big names at the prestigious fashion show.

"This is a big deal for Katie to show in the tents, under the full attention of the fashion editors and the glare of the media scrutiny," as reported by New York Post.

The clothing will appear between September 6 and September 13 at Lincoln Center.

On June 28th the Dawson's Creek actress filed for divorce from husband of six years. The couple reached a settlement later that same week on amicable terms.

The public held their breath not knowing whether the Cruise-Holmes divorce will result in another Hollywood break-up spectacle especially since Holmes had filed for full custody of their six-year-old daughter Suri.

Jonathan Wolfe, the 33-year-old actress' lawyer commended Curise's lawyers "for their professionalism and diligence that helped bring about this speedy resolution," as reported on CNN News.

The terms of settlement have not been disclosed. Attorneys from both teams dismiss revealing any details iterating that the matter is purely confidential.

NBC's Access Hollywood reported that Cruise's affiliation with scientology religion was a motivating factor in Holmes decision to file for sole custody, which if granted will give her complete authority of making decisions for Suri.

The couple, who is reported to have a pre-nuptial agreement, is said to be worth $275 million, most of which is earned by Cruise. According to Good Morning America, last year Cruise made around $75 million, while Holmes only $25 million in comparison.

After proclaiming his love for Holmes on that epic coach moment on "The Oprah Winfrey Show" in 2005, the couple announced in April 2006 that Holmes was pregnant, which was followed by a grand wedding in Italy in November of the same year.

Holmes currently is living in New York City with daughter Suri.

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