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. "He was a great guy and cute, but it didn't work out," a source said.

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.

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 endeavors.