Katie Holmes and her design partner Jeanne Yang previewed their Fall 2011 Holmes & Yang collection at Barneys in Beverly Hills on Saturday. The twosome are on a tour of the department store chain to show off their line, which also includes their first foray into bag making. Katie and Jeanne teamed up with Valextra, which is a favorite bag brand of the actress. Katie's time home in LA will be brief, since she's expected back in NYC by Tuesday to premiere The Decision, her mysterious new short film for John Frieda. Katie and Suri spent last week in the Big Apple taking in shows and enjoying girls' nights out on the town while Tom Cruise keeps working on Mission Impossible: Ghost Protocol in Vancouver.