Mary Kate and Ashley Olsen at the announcement party for 2011 CFDA Fashion Awards. The Row was nominated for "New Talent Award" alongside Joseph Altuzarra and Prabal Gurung. Ashley is wearing an off pink suit from their Pre-Fall 2011 line and gold Manolos. Mary Kate looking less bag lady in a blouse from The Row, Louis Vuitton shoes, Prada ‘Rosa Pitone’ clutch and a Balenciaga belt. Tres Chic ladies!