By: Angela Wendler
Baby fashion is a booming business. Designer junkie parents splurge on expensive labels for their children wardrobe.
Celebrity families give this industry a major boost. Katie Holmes and her daughter Suri are always dressed in similar fashions clad with designer labels, reports the Los Angeles Times.
Ralph Lauren has carried children's fashion for several years, but now Gucci, Versace, Lanvin, Burberry, and others, will be joining the industry later this year, reports Business Insider.
One of the main reasons high-end designers are moving to a children's line is that parents will spend money on their little ones. In 2008, the adult clothing industry dropped 5 percent, while children's apparel only dipped by 1 percent, reports the Los Angeles Times.