Twin sisters Mary-Kate and Ashley Olsen will launch their new range of luxury handbags.

The collection, which will be launched under their fashion label 'The Row', will consist of nine designs including a day tote, backpack, doctor bag and a shoulder bag made from python and alligator.

The bags will go on sale in August in Barney's department store in New York, reports femalefirst .

The girls, who have high hopes for themselves, recently dressed up US First lady Michelle Obama.