Madonna And Lourdes Launching Fashion Line At Macy's

This is just the beginning!

Madonna is combining her talents with Iconix Brand Group, Inc. to launch her own style empire, entitled MG Icon. She says in a statement: "Joining forces with Iconix to bring my fashion ideas to consumers is very exciting for me."

The pop icon will first release a junior collection exclusively at Macy's in August 2010 - it'll be called "Material Girl," natch. And everything (apparel, footwear, handbags, jewelry) will cost between $12 to $40.

And get this... the entire collection was "inspired and designed" by Madonna AND her daughter, Lourdes! Only a matter of time before Little L releases an album, right?

Plus in 2011, MG Icon will add beauty and perfume to the Material Girl line. Can't wait!