Stop the presses: Olsen twins coming for new fashion line

Okay, I don't know whether to laugh or cry about this one. Lane Crawford just sent out an invite for an event it's hosting next Wednesday for a new fashion label it is handling called Elizabeth And James. The two creative consultants are coming for cocktails. Their names: Ashley (left) and Mary-Kate Olsen.

Yes, the precocious twin American child stars-turned-teenage entertainment and fashion moguls now have clothes available at Lane Crawford. In case you care, the label is named after their younger sister and older brother. I am assuming it's not the same bargain stuff they sold for Wal-Mart.

We're curious which self-respecting fashionista will try to cosy up to them.