Actress Katie Holmes is to follow in the footsteps of pal Victoria Beckham by launching her own clothing label. The Batman Begins star will team up with fashion house Armani to introduce her designs by the end of the year (08), reports America's OK! magazine. A source tells the publication, "The Katie Holmes for Armani collection will be comparable in price to the Armani ready-to-wear line. It will be sold in stores like Saks, Barneys New York and Neiman Marcus. "We're talking very upscale: less expensive than Armani Privé but more than Armani Exchange. These are going to be very high-quality clothes. We're not talking cheesy Jessica Simpson stuff."