Is Suri Cruise a young businesswoman in the making? The 7-year-old daughter of Tom Cruise and Katie Holmes will reportedly launch her own fashion line after signing a whopping £1.5million deal.

According to "The Sun" report, the fashion line will be called "Suri" that targets young girls with a wide range on dresses, tops, jeans, shoes and accessories. The report further added that the fashion line will have its launch at a New York department store this coming fall season with possible expansion across stores in North America.

After her divorce from Tom Cruise, Katie Holmes has been living a single mum life with Suri in Manhattan with the desire of giving her daughter a normal childhood. It appears that Suri's interest in fashion design is normal for the youngster.

An unnamed source told The Sun that even though Suri Cruise has a very young age, the little girl is serious when it comes to fashion. "This is a nice hobby for her. It's certainly not going to take over her life. Most girls dream of being able to make their own clothes, this just means her drawings will now become a reality," the source shared.

The source further added that it will be fascinating to witness how Suri's venture in fashion spreads out and become successful. "There's nothing around quite like it," the source stated.

Other reports claim that Suri Cruise was supposed to be having a personal fashion blog. Since Suri has been discussing specific designs, it was then suggested that a fashion line should be created.

Furthermore, Katie Holmes and fashion designer Jeanne Yang will give all of their support to make Suri's line a success. The 34-year-old mother currently has a fashion line called "Holmes & Yang" which is a joint business with her former stylist Jeanne Yang.

No comment has been given yet to confirm or deny the reports about the potential future of Suri Cruise in the fashion world.