Mary Kate Olsen looking amazing as usual as she strolled her way on over to the Burberry Prorsum LFW Autumn/Winter 2010 Womenswear show that took place yesterday at the Parade Ground, Chelsea College of Art.

Wondering what gorgeous bag that is she’s toting around? It’s the PS1 Clutch by Proenza Schouler – a special ordered beauty in deep midnight blue Crocodile! I’m not sure of the price of MKO’s version, but I can image in would cost a big chunk of change.

Image: olsensobsessive.net

Mary-Kate Olsen leaves her apartment in the East Village NYC wearing a stunning red coat from Lanvin and carrying the Balenciaga pony hair Weekender in Rouille as she grabbed coffee earlier this week.

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Mary-Kate Olsen going somewhere in New York City. I don’t have any info on where she is going or what she is doing, but my goodness, does she have enough bags with her? And not just bags, but expensive, gorgeous and head-turning bags. On her shoulder, an over-sized Chanel Tote and in her hand a Hermes Kelly Bag. I would appreciate said bags even more if Mary-Kate didn’t look like a blond version of the Sesame Street character, Elmo, but MK is apparently a fashionista, so I’ll let her go… while I judge from the comfort of my couch.

What would a Tim Burton tribute be without the Olsen twins? Er…don’t answer that. Nonetheless, the dynamic duo hit up a party celebrating the eccentric director’s MoMA exhibit with twin Hermes handbags – a Birkin and a Kelly (cause the girls are so different, you know). If I were a twin I would avoid carrying the same handbag as my sister, but that’s just me. What do you think?

image: JustJared.buzznet.com

JCPenney has sent out invitations to preview Olsenboye, a new juniors’ collection designed by Mary-Kate and Ashley Olsen for the affordable department store.

Say what you will about the Olsens, but those two are extremely smart businesswomen. The move to a cheaper market seems more strategic than out of necessity; both of the girls’ lines are doing remarkably well. So well, in fact, that they also recently announced their plans to design eyewear as an extension of their high-end line, The Row. In a time when many designers are struggling to even stay afloat, branching out with $390 sunglasses is a sure sign of confidence and financial stability.

While no details have been given regarding the new JCPenney line, it goes without saying that Olsenboye will be affordable and geared toward a less luxurious demographic than that of The Row or Elizabeth & James.

We have no doubt that the collection will be a huge success; the twins are no strangers to budget-friendly teen garb. Remember their WalMart line of yesteryear? The collaboration made the girls – and WalMart – millions and millions of dollars, and that was long before the Olsens had honed their craft.

Now, the new CFDA members have established themselves as designers whose work is sophisticated and stylish. So stylish, in fact, that Bergdorf Goodman CE Jim Gold said of The Row, “I think the way to think about The Row is that it offers the perfect blank — the perfect schoolboy blazer, the perfect leather leggings, the perfect peacoat. So many designers are intent on the next great trend that some of the basics are neglected.”

That’s high praise from an important source!

What’s more, he notes that “to enter the designer apparel arena and build something, that’s significant.” If they can do that, we’re certain they will absolutely KILL it at JCPenney.

We cannot wait to see what they’ve whipped up!!

Article: CocoPerez.com

Whoa, MK! That’s a lot of prints to handle for one outfit, my dear. Mary-Kate Olsen boldly paired her Cobsy-esque Topshop sweater dress with a funky striped Marni purse (note the round handle) and I for one am not feeling it. The handbag isn’t one of Marni’s best, and would really only work with a solid frock. The busy-ness of the sweater dress is just way too much. But hey, to each her own.

Photo from People.com

What does a Hollywood it girl wear to a Chanel dinner? Duh, Cha…no, wait, wait. Nancy Gonzalez! How silly of me. Mary-Kate Olsen threw us for a loop, pairing her edgy black minidress, heavy black eyeliner, and dubiously washed hair with a somewhat more mainstream (for her, anyway) red Nancy Gonzalez clutch. I think the clutch is tres chic, but it doesn’t really belong with this outfit. Who knows – maybe she’s just holding it for Ashley while she runs to the powder room.

Photo from People.com

Instead of focusing on the red carpet events, I chose to pick the celebrities as they go casual. Because then you can’t really blame their stylist!

Here are my top five worst dressed celebrities:

Kim Kardashian recently found herself on the Grammy Awards worst dressed list, but I think Kim fails when it comes to casual wear as well. She and Kourtney were spotted getting their nails done in Beverly Hills earlier this year and Kim’s shirt didn’t quite cover her leggings. She has to keep pulling it down, and I don’t even want to know what the view from behind looked like! Maybe the outfit looks better with those boots she’s carrying, but somehow I doubt it.

Amy Winehouse is always a train wreck, so it’s no surprise that her wardrobe leaves us cringing! What can I say about this particular outfit, other than it looks like she yanked most of the items from a poor, unsuspecting, homeless person. And her headwear keeps reminding me of I Love Lucy. The only thing she has going for her are those brand new ballet slippers that she picked up that very day, and they’re already starting to look trashed.

Courtney Love is another one of those celebs who finds herself on every worst dressed list imaginable! Whether she’s heading to the red carpet or headed to the store, Courtney just can’t seem to get it right. Perhaps that’s what we love about her? I happen to particularly love this ensemble. The purple crown makes me think she’s headed off to Chuck E. Cheese!

Mary Kate Olsen can be oh-so-adorable when she wants to be. But she only gets it right about half of the time! I’m not sure what is up with this dress, but she lost her neck. I think she forgot the shoulder pads went down with the 80s – and these ones look like they belong on a football player.

Lindsay Lohan was spotted leaving Samantha Ronson’s house earlier this year in an outfit that makes me cringe! Lindsay has also made her fair share of worst dressed lists, and I have to admit to being sick of seeing her in black leggings and baggy shirts. And honestly – that jean vest has to go! I realize the 80s are coming back in style, but this is about as unflattering as it gets.

Images Credited to INF, splashnewsonline.com, and Bauer Griffin