Ashley Olsen has split from her boyfriend after less than a year together.
The actress-turned-fashion designer has called it quits with businessman David Schulte, whom she was first linked to last year.
A source told UsMagazine.com: "He was a great guy and cute, but it didn't work out."
The 27-year-old former child star began seeing David - who is the CEO of luxury eyewear brand Oliver Peoples - some time in 2013, but their romance didn't go public until September.
Ashley previously dated 'The Hangover' actor Justin Bartha between 2008 and 2011, but she has largely remained private about her love life.
While Ashley's relationship has ended, her twin sister Mary-Kate Olsen has been going strong with French banker Olivier Sarkozy, 44, for nearly two years, with rumours that the couple are even planning to start a family.
A source previously said: "She'd like to get pregnant but isn't so sure about marriage."
Ashley recently indicated she has no plans to return to acting following her last movie with Mary-Kate - 2004's 'New York Minute' - because she is so preoccupied with their successful fashion endeavours.
She said: "I was reading scripts, and ultimately I just said to the people who are representing me, 'I need to do things 100 per cent. I don't feel like I can give you 100 per cent of my time. There's a lot of compromise in the entertainment industry. I can't sit in this room and audition for this part.' "
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