The review will look to address concerns that children are being pressured into growing up too quickly.
The review will consider the role of the big society, including social networks, communities and youth groups, in influencing change.
Teather said: "We’ve all read the headlines about high-street shops selling inappropriate products for children and many of us are worried about some of the marketing practices that are being used specifically to target children.
"By reviewing commercialisation and sexualisation of childhood we want to better understand not only how we can help parents resist these things, but also how we encourage all businesses to take their responsibilities as seriously as the best ones already do.
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