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

01 February 2013 by

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.

Ashley Olsen and Mary-Kate Olsen at the 2014 CFDA fashion awards - June 2, 2014

Ashley Olsen and Mary-Kate Olsen at LAX – May 7, 2014

Ashley Olsen and Mary-Kate Olsen at the 'Charles James: Beyond Fashion' Costume Institute Gala – May 5, 2014

Ashley Olsen and Mary-Kate Olsen at the Elizabeth and James SEPHORA VIB ROUGE Event – March 12, 2014

Ashley Olsen and Mary-Kate Olsen in Paris, France – March 6, 2014

Ashley Olsen at the Louis Vuitton Paris Fashion Week show – March 5, 2014 - March

Ashley Olsen at Diane Von Furstenberg's Journey of A Dress Exhibition Opening – January 10, 2014

Ashley Olsen arrives in Paris, France - March 6, 2014

Ashley Olsen at the Louis Vuitton show, Paris Fashion Week, France - March 5, 2014

Ashley Olsen at ‘CFDA and Vogue Fashion Fund Finalists Celebration’, New York City - November 11, 2013

Ashley Olsen at the opening of Club Monoco's Fifth Avenue Store, New York City - November 7, 2013

Ashley Olsen at the Costume Institute Gala after party, New York City - May 6, 2013

Ashley Olsen at Zac Posen's AW05 show, Feb 2005

Ashley Olsen in Tribeca, July 2012

Ashley Olsen in The Row at the CFDA Fashion Awards, June 2012

Ashley Olsen at Christian Louboutin's 20 year celebration party, Nov 2011

Ashley Olsen in New York, Sept 2011

Ashley Olsen in vintage Christian Dior at the Costume Institute Gala Benefit, May 2011

Ashley Olsen at the Boutiques.com launch, Nov 2010

Ashley Olsen at the Lucille Lotel Awards, May 2010

Ashley Olsen at the Elle Style Awards, Feb 2010

Ashley Olsen in Alexander McQueen at the 3rd Annual Black Tie Gala Heaven event, Jan 2010

Ashley Olsen at the CDFA Fashion Awards, June 2007


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