01 February 2013 by

Mary Kate And Ashley Olsen To Launch Elizabeth And James Handbag Line

They’ve got a naughty reputation as the design duo behind the most insanely expensive bags ever! But now our favourite twinnies, Ashley and Mary-Kate Olsen have wisely decided that the likelihood of most young stylish ladies slashing a flat-deposit-amount of dollar on a backpack might be quite slim. Way slim.

While we’ve seen some seriously spenny backpacks and totes from their premium fashion line, The Row, going for a whopping £34,000, MK and Ash are now launching a line of handbags for their second line and firm Grazia Fashion Ed favourite, Elizabeth and James.

L-R The Row's £34,000 backpack and the Olsen's new Elizabeth And James offering

Anticipating a media flurry of speculation over the price of the leather arm-candy, Mary-Kate told WWD “We wanted the price point to be strong, the price point is below [Alexander] Wang and [Phillip] Lim but above Marc [Jacobs] and Tory [Burch].” We particularly enjoy that she uses a mixture of designers first and last names and presumes everyone knows who she’s talking about! Ashley also butted in with a paricularly amazing nugget, “I love black, I love backpacks, too.”

Wallets from the new leather goods line from Elizabeth and James

So what does that menacingly vague price description mean for us? Well, typically an Alexander Wang shoulder bag costs £700, while a Tory Burch one will set you back about £500. That leaves the new Elizabeth and James bag costing us anywhere between there! £600 for their lovely leather backpack? That sits much better with us than £34K thank you very much.


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Aome Olsen (Fri Feb 22 10:01:47 GMT 2013): luv ash mk olsen <3<3.