Katie Holmes ended her fashion partnership with stylist Jeanne Yang after realising the label would not survive as she prepared to relaunch her acting career.
The Batman Begins star and her best friend launched Holmes & Yang in 2009, but earlier this month (Mar14), a representative for the actress confirmed the pair had parted ways professionally.
Reports suggested the pressures of running a business between New York and Los Angeles had contributed to the split, but now Tom Cruise's ex-wife has spoken out about the decision, admitting she didn't want the fashion business she launched with her pal to suffer as she concentrated on acting work.
She tells Britain's Elle magazine, "I loved every minute of my time working on Holmes & Yang. I remain passionate about the design aesthetic we created, and I am so happy with what Jeanne and I accomplished.
"However, I am now concentrating on acting and motherhood, which did not leave the label the time and attention it deserved."
Promoting the label's last collection in the pages of the publication, she adds, "I'm really thrilled that the final showcase for Holmes & Yang is in Elle - I had a blast at my shoot for the magazine. It is fantastic to feel like it's ending on a high."
Holmes has already lined up her next project - she will be heading back to TV to star in a new as-yet-untitled show from P.S. I Love You director Richard Lagravenese, playing the philanthropist wife of Rufus Sewell's character.
The role will mark her first starring role in a TV series since Dawson's Creek ended in 2003. Shooting is due to begin in the Big Apple later this year (14).