Katie Holmes spent the earlier part of her day in Midtown Manhattan yesterday working with her stylist Jeanne Yang on their fashion collection Holmes & Yang (yup, Katie has a line of clothes, too).

While Holmes' mommy-proof daytime ensemble was very city chic, her later look (an enormous blah-gray Hermes coat) for the opening of the new Hermes men's store in NYC was questionable -- and confusing -- considering she had spent the entire afternoon "designing" with a top Hollywood stylist.

Photos: Ray Tamarra/Getty; James Devaney/WireImage