Young HOLLYWOOD toasts the Olsen twins textile launch.

Mary-Kate and Ashley held a party to celebrate their new textile line Elizabeth and James. Both wearing pieces from the line they were joined at the Beverly Hills Hotel by Nicole Richie, Emma Roberts & Abby Brothers among many others.

The child stars turned respected designers are nominees for the Swarovski Womenswear Designer of the Year prize at the CFDA Awards in New York. Their Fall '11 Textile collection is not so much just about denim but everything that goes with denim and we absolutely love it!

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