Olsen twins announce a second clothing line

In addition to their high-end (and uber expensive) fashion line The Row, Mary-Kate and Ashley Olsen have something else up their fashionable sleeves. The tiny twins announced today that they are working on a more affordable contemporary sportswear line called Elizabeth and James, named for the other Olsen siblings. "We wanted it to be based on a relationship between a young girl and a boy and tell the story through the clothing," Mary-Kate Olsen told Women's Wear Daily. Influenced by her own vintage collection, the line was designed in collaboration with the designers of Seven For All Mankind and LaRok, and reportedly includes shiny slip dresses, hot pants, and a super skinny pinstriped menswear vest.

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