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Sellebrity Designer News: Pete Wentz for Nordstrom, Rachel Bilson for DKNY, (Perhaps) Katie Holmes for Armani, Nicole Richie Does Jewels

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1) Fall Out Boy front-man Pete Wentz is not just a supporter of up-and-coming designers, but dabbles in the fashion game himself. After teaming up with DKNY Jeans for a collection last fall, WWD reports the rock star will be rolling out an exclusive junior sportswear line, Clandestine Industries for Nordstrom, this April, which will include T-shirts, hoodies, jeans and accessories, retailing at $28-$68. Apparently, the line will be found in the young women's department, but Wentz told WWD he considers many of the pieces unisex: "you won't see me wearing a dress or anything, but I do like to wear a slimmer jean." Just what every girl wants to hear - that her boyfriend is borrowing her jeans. [WWD, subscription req]

2) Speaking of DKNY Jeans, The OC star Rachel Bilson, known for her sophisticated styling, is collaborating with the fashion co to create the Edie Rose collection. It will launch in September with 15 pieces - tops, dresses, sweaters, coats and jeans. [UK Vogue]

3) Ah, it seemed like just a matter of time before Katie Holmes would step into the actress-cum-designer ring. OK! Magazine reports that Holmes will design not just one, but four lines for Armani—the fashion house that famously designer her wedding dress—including a toddler, kids, handbag and women's collection. The lines are said to be hitting stores starting in Spring '09 for toddlers and fall '10 for womenswear. Meanwhile, Catwalk Queen states that Holmes' reps deny the collaboration. Continue waiting with bated breath. [OK Magazine; Catwalk Queen]

New mom Nicole Richie is designing a maternity line and a 50-piece jewelry line to be launched in the fall to shops like Fred Segal and Kitson. What about insanely expensive jewelry for babies, Nicole? Think on it. [WWD subscription req]