When a fashion designer moves into handbags it can go either way; but much like everything he does, Alexander Wang’s foray into accessories is a smash hit. The San Francisco born, New York based kid wonder has debuted his first collection of bags for fall 2008 and the cool, functional styles are exactly what we’ve all been searching for! That perfect leather tote, sturdy enough for a laptop but chic enough to carry forever, an oversized fold over clutch with zip up compartments so you can actually fit things in it and petite slouchy bags with chain straps to carry at night. Each piece is constructed from 100% leather (that perfect kind that beats up beautifully) in Wang’s typical palette of black and grey with an occasional surprise here and there: the clutch in vivid purple or a chain strap bag completely covered in long goat hair. The collection, which starts at around $500 for small styles and goes up to $750 for a tote or backpack, is making its debut in the best boutiques and department stores NOW. And we suspect A-list model, Maybelline girl and Wang muse Erin Wasson weighed in on the collection – she was spotted carrying one way back in January and the look is the perfect mix of street and sweet. At V.O.D Boutique. Call 214-754-0644. Alexander Wang also at Net-a-porter.com.