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Mary-Kate and Ashley Olsen, 23, have launched a new line for juniors, Olsenboye, available exclusively at JCPenny, reports E! News. Items from the line will be in the retail chain’s 50 largest stores and online beginning Nov. 6, and will be introduced in all stores by February.

The line is casual and aims to be affordable, with all items between $20 and $50.

The twins recently joined Sean “Diddy” Combs as the only celebrity designers to be inducted as members into the Council of Fashion Designers of America. Their previous fashion lines, The Row and Elizabeth and James, were for adults and featured high-end price tags, while their other fashion endeavours were designed mainly for Wal-Mart.

When you were in grade school, did you ever bring your daddy’s new girlfriend to class for show and tell? Well, you might have if that new girlfriend was an Olsen twin.

That’s right – Lance Armstrong’s new girlfriend, Ashley Olsen, is so smitten that the notoriously private actress went to school with his daughter and let her present her for show-and-tell.

Lance is no stranger to the elementary school game. He has also been presented for show-and-tell by ex-girlfriend Tory Burch’s son.

Armstrong, 36, and Olsen, 21 started hooking up last month.