03/02/12 - Elizabeth and James is one of the fashion brands headed by Ashley and Mary-Kate Olsen. They started out as child actresses, but have since made their names in fashion alongside the best in the business. But first and foremost, they are talented businesswomen.

Elizabeth and James is one of the fashion brands headed by Ashley and Mary-Kate Olsen. They started out as child actresses, but have since made their names in fashion alongside the best in the business. But first and foremost, they are talented businesswomen.

Using the names of their younger brother and sister, the Olsen sisters have expanded the brand, adding shoes and other accessories, and a second more affordable line called Textile.

This fall/winter 2012-13 collection is very elegant, and features lots of contemporary trends. There are silk pyjamas, mixed textures and prints and dyed leather collars. Wools, knits, silk, canvas and leather come in a color palette of deep red, royal blue, black and khaki to create a modern look that's chic, urban and reminiscent of the seventies. Flared pants, floral dresses and simple jackets join geometric micro-prints in luxury pairings of wide pants, silk camisoles and vibrantly colored stoles.