Banks: 'Celeb lifestyle market saturated'

Tyra Banks has refused to launch her own lifestyle brand, claiming that the market is already "oversaturated".

The talkshow host and America's Next Top Model presenter told Ebony magazine that she has had a number of offers to lend her name to product ranges.

She said: "I don't just want to throw my name on stuff like that.

"Oh, my God, I've had the opportunity. And I could have retired off of doing that type of stuff. I just feel that the marketplace for celebrities throwing their names on things is oversaturated."

Halle Berry, Katie Price and the Hollyoaks cast are among a number of stars who have recently lent their names to fragrances.