This is the Olsens' new reality, one that has replaced a childhood lived on Hollywood backlots and an adolescence spent in the glare of the paparazzi. They built a billion-dollar empire on the cult of celebrity, adoring kiddie fans, and a vast array of tchotchkes. Now they are creating something else entirely.
As the last model walked off the Christian Dior runway Friday afternoon and the lights dimmed in the stately tent erected in the courtyard of Paris's Musée Rodin, the audience of more than 1,500 fashion insiders and aficionados stood and cheered. But why?