Mary-Kate and Ashley Olsen have decided to put their money where their
mouths names are!
The powerhouse duo have taken, for an undisclosed amount, a minority ownership stake in BeachMint — a Los Angeles based e-commerce company they're already associated with.
Even with their hands full with their own brands, like The Row and Elizabeth and James, it seems that the girls don't feel like they have enough on their plates!
Mary-Kate said of the new part ownership:
"In our expanded roles as cochairs of the advisory board, Ashley and I will work closely with BeachMint’s management team in this strategic phase of growth to establish the Mint brands as the leading online destination for all things fashion."
With four fashion-centric brands in the BeachMint family, this definitely sounds like a great move for the company. The Olsen twins are obviously business savvy, as we've seen with the success of their own companies!
And we bet MK & A will have more than a few stellar tips they could share!
Ch-ch-check out some of their faboosh style (below)!
[Image via Ryan/WENN.]
Tags: ashley olsen, beachmint, business blitz, elizabeth and james, fashion smashion, mary-kate olsen, olsen twins, the row