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Just as quickly as those celeb rumors begin *wham!* they are soon shot down. A rep for Katie Holmes has denied that she is designing a children's collection for Giorgio Armani. Holmes's camp was quick to dismiss the rumours, following a report in OK! magazine, which claimed she was preparing to debut a clothing line for toddlers, followed by another range for older children. "She is not designing a children's line for Giorgio Armani," confirmed the rep. Baby Suri will surely be disappointed...

[Source / Getty]