we're Obsessed!

From the first moment Katie Holmes debuted Holmes & Yang on to the red carpet in 2009 I have been singing a Veruca Salt-inspired "I want it now!" refrain. Finally (finally!), the label has landed at Barney's and there's a cherry on top of the cake—the actress and her stylist partner have teamed up with Valextra to create a signature handbag for their hotly-anticipated collection. When the duo gave a sneak peek to lucky fashion editors earlier this year they demonstrated how, even at full capacity, the tapered tote nestles comfortably under the wearer's arm. Good things come to those who wait, no matter how impatient they might be.

$3,950; call 212-826-8900

—Bronwyn Barnes, Entertainment Editor