Mary-Kate and Ashley Olsen Debut "Affordable" Handbag Line
Mary-Kate and Ashley Olsen, 26, may have been the masterminds behind The Row's $55,000, prescription pill-encrusted, crocodile-leather backpack, but that doesn't mean they don't care about the little people. According to WWD, the child stars-turned-designers will be launching their first line of bags for their more affordable brand, Elizabeth and James, this summer. And what constitutes "affordable" to the famously wealthy twins, whose business empire has an estimated worth of $1.5 billion? Their small leather goods will be priced in the $125 to $395 range and bags will cost $395 to $625.
Calling them leather goods is perhaps doing them a disservice, though: Among the materials the fashion-forward sisters have chosen for their accessories are haircalf, New Zealand lambskin accented with stamped lizard trim, and Italian suede.
"We wanted the price point to be strong," Mary-Kate told the trade publication. "The price point is below [Alexander] Wang and [Phillip] Lim but above Marc [Jacobs] and Tory [Burch]." "And Rebecca Minkoff," Ashley added. "We wanted these bags to be affordable."Tell Us: Do you think their line is affordable?
This article originally appeared on Usmagazine.com: Mary-Kate and Ashley Olsen Debut "Affordable" Handbag Line
Fergie, Sarah Jessica Parker, and Heidi Klum all get an F on this week's Fashion Offenders.Watch Video »
Diva Double Date
Beyonce and Alicia Keys double date with their famous hubbies on today's Celebs Gone Social.Watch Video »
Where Are They?
See what the cast of "American Beauty" is up to today.Watch Video »
J.Lo's Mini Me
Jennifer Lopez shares an adorable photo of her look-alike daughter, plus more celebritots on social media on today's Celebs Gone Social.Watch Video »
Prince Harry, Jessica Alba and more stars who threw out the first pitch at baseball games.Watch Video »
Sofia Vergara poses in a revealing neon bikini while her "Modern Family" castmates hit the beach in Australia on Celebs Gone Social.Watch Video »
Like us on Facebook?
UP NEXTOh, Henry!
From Crowd Ignite