Mary-Kate and Ashley Olsen

Celebrity twins Mary-Kate and Ashley Olsen are launching a new fragrance.

The 26-year-old identical twins are teaming up with Sephora to create their own scent, Eau de Olsen - the first perfume released as part of the fashion designer duo's own contemporary clothing brand Elizabeth and James.

Michael McGeever, senior vice president of Sephora Originals, announced in a statement: ''We look forward to bringing the modern perspective and fashion philosophy of Elizabeth and James designers Mary-Kate and Ashley Olsen to life with this prestige fragrance.''

The style icons - who branched out into fashion following careers as child stars - have previously created a range of body sprays for the teen market.

The girls showcased their Spring/Summer 2013 collection for their high-end fashion line The Row at New York Fashion Week yesterday (12.09.12) to rave reviews.

Mary-Kate and Ashley explained in their show notes: ''This season The Row takes us to a world of pure, soft and delicate lightness.

''Inspired by the 18th century scrolls of Ito Jakuchu, depicting the Japanese traditions of bird-and-flower paintings, the new collection celebrates a spirit of subtle colors and exquisite layering.''

The twins were earlier this month named Council of Fashion Designers of America (CFDA)'s Womenswear Designer of the Year for The Row.

Eau de Olsen will hit the shops next March.

© Bang Showbiz