March 24, 2011 10:30 PM

Jayme Oak/Startraks

Known for her ability to commandeer a trend faster than you can say “boyfriend jean,” Katie Holmes has lent her fashion credo to a new endeavor: purses! Partnering with luxury bag maker Valextra, and alongside style partner in crime, Jeanne Yang, Holmes has designed two versions of a luxe, calkfskin tote (pictured here in blue) for the aptly named Valextra for Holmes & Yang collection. The splurge of a bag retails at $3,950 and will also be available in white with navy or shiny black trim exclusively at Barney’s this July. Though the average customer may balk at the hefty price tag, Holmes says you are investing in the brand’s craftsmanship when you buy. “Their quality is exceptional,” she tells WWD of the Italian design house. “There’s such integrity in their work — they’re artists.” And for his part, Valextra’s CEO, Emanuele Carminati Molina, recognizes the power of Holmes and Yang as a tastemakers. “I knew that it was good for Valextra to try, and to mix our style with their style,” he says. Tell us: What do you think of Holmes’s foray into handbags?Justine Harman


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