Sad news for J. Lo fans today as the singer pulls the plug on her contemporary sportswear brand, Sweetface, after six years in business.  WWD reports that the label’s last collection, Spring 2009, is in stores now, but there won’t be any further shipments.

The company stated:

“In light of some new company strategies, we have decided to put the Sweetface line on hiatus while we prepare to reintroduce the brand in the near future with new messaging points and an entirely new fashion point of view,”

There’s no word on when the relaunch will take place. As Sweetface shuts down, the only clothing line remaining for J.Lo in the U.S. are JLO by Jennifer Lopez branded costume jewelry, which you can still find at Macy’s and the brand’s shoe line which is carried by Victoria’s Secret catalogue. If you’re a fan of J.Lo’s fragrances, worry not because the company is doing really well with fragrances and even plans to launch a seventh fragrance later this year.

See J. Lo’s glowing Glow Fragrance

And given the recession, which of these 10 will still be holding on to their crown in 2009?

#10. Jennifer Lopez – JustSweet

Last year, J.Lo managed to rake in $7 million in earnings, even though it’s been a while since we’ve seen anything from her juniors clothing collection JustSweet.Maybe we have to wait until she delivers a third baby. Hey J, how about a maternity line?

#9. Serena Williams – Aneres

Serena Williams earned a cool $14M in 2008, helped in part by her own clothing line Aneres. Established in 2004, the brand is designed by Serena herself, who has an art background. The tennis star is often seen out and about in her own collection, but we wonder why we don’t really see much Aneres these days? Maybe this article will tickle Serena’s creative bones.

#8. Sarah Jessica Parker – Bitten, Perfume Lines

Sarah Jessica Parker is sitting pretty on the $18M she made last year, even though her Bitten apparel collection bit the proverbial dust after huge retailer Steve and Barry’s was forced to fold in late 2008.

But with the recent greenlight on the Sex and The City movie sequel, perhaps SJP will have enough juice to launch a brand new clothing line… stay tuned.

#7. Sean Diddy Combs – Sean John

Well surprise surprise! We thought P. Diddy would be the richest celebrity designer alive, probably he did too.

But no, even with a cool $25 million earnings in 2008, P.Diddy got the designer pants beat off of him by 6 other competitors. We still give him props though. He’s demonstrated with his Sean John collection that he’s great at creating gentlemanly looks for G’s. He might not be as rich as some other people, but he’s definitely a KING of style in our book.

#6. Gwen Stefani – Harajuku Lovers, LAMB

The singer / celebrity designer / yummy mummy, Gwen Stefani, is sitting comfortably at number 6 with $27M in earnings. Her funky lifestyle brands, Harajuku Lovers and L.A.M.B., are both hits with CelebrityClothingLine.com readers and have contributed significantly to Ms. Stefani’s piggybank.

#5. Mary Kate and Ashley Olsen – Elizabeth & James, The Row

The tinseltown twins share the #5 spot with earnings of $35M, thanks to their Dual Star empire. Although their mugs and names are all over videos, books, to self-produced home movies, you won’t see this type of blatant star marketing on their more sophisticated Elizabeth & James clothing collection or their even more upscale collection: The Row.

These two celebrity designers are the brains behind every fashion item in both lines. It’s said that their involvement is very hands-on, and “real” designers have given the pair kudos over their sophisticated tastes and creativity.

#4. Giselle Bundchen – Ipanema

Although the highest-paid supermodel in the world was said to be working on a clothing line with Dolce and Gabbana, it turns out the rumor is false. Ms. Bundchen instead went green and designed a line of sandals called Ipanema, which contributed to her bottom line of $35 million last year.

If you purchase a pair of Ipanema kicks, you are contributing to re-foresting the Atlantic treeline through the Florestas do Futuro program, sponsored by the SOS Mata Atlantica.

#3. Beyonce – Dereon

With 2008 earnings of $80 million, Bey is 2 mil short of keeping up with her husband Jay-Z, so we guess he gets to keep picking up the check. She’s making a strong play this year with Dereon and the luxury collection designed by her mom Tina Knowles, House of Dereon.

#2. Jay-Z – Rocawear

Jay-Z aka Shawn Corey Carter, is now the second richest hip-hop celebrity designer with earnings of $82M. He sold Rocawear for $204M in 2007, but is still involved in overseeing marketing and plays frontman for the brand.

Apparently he hasn’t gotten over his creative thing for threads because he bought high-end streetwear brand Artful Dodger right after selling Rocawear.

#1. 50 Cent – G-Unit clothing

The richest man in hip-hop and now the richest celebrity designer: 50 Cent aka Curtis James Jackson III, who’s raked in $150M in 2008. Word.

He founded The G-Unit Clothing Company in 2003 with Marc Ecko, inspired by his own style and fellow members of G-Unit.As a do-gooder, 50 makes sure he shares his wealth. G-Unit sponsors The Book Bank Foundation and donated proceeds to the G-Unity Foundation.

Surprises missing from the list: Kimora Lee Simmons for Baby Phat, Justin Timberlake for William Rast, Nelly for Apple Bottoms and last but not least, Miley Cyrus for the Hannah Montana clothing line. Perhaps these contenders will shove their way to the top 10 for 2009… stay tuned!

Jennifer says the launch of the exercise clothing line is in an effort to boost her own effort to get back in shape after her pregnancy and get back that fabulous pre-knocked up figure.

Wonder how Jennifer has times to do all this and more? She plans on looking after her twins herself and is actually in the process of launching a show capturing every moment.

With the launch of her fitness gear Jennifer should have all basis covered for the fashion industry from the tween market-juniors she already has three including JLO, SweetFace, and JustSweet. The line will consist of dance gear, yoga pants, and workout sneakers.

Source from OK! Magazine said the following about Jennifer’s thoughts on the new clothing collection:

“She wants it to look great in the gym and in the street, and to be affordable and functional.”

Jennifer Lopez’s JLO collection is a lifestyle brand that encompasses her life into a clothing line. The clothing brand was licensed through the Warnaco Group for a term and in partnership with Andy Hilfiger they formed the SweetFace corporation. JLO covers all grounds for young women’s juniors from jeans, t-shirts, coats, belts, purses, sunglasses, lingerie, jewelry, hats, gloves and scarves.

Jennifer Lopez just announced how she will stop selling the JLO line within the United States, but will continue to develop the clothing line overseas with the launch of “justsweet” J.Lo by Jennifer Lopez. The latest collection is inspired by silhouettes from the 1940s. Shop the Sweetface website

The Sweetface line is a more elegant and more of a high-end collection for the stylish diva.