The success of a handbag is often down to three things – design, functionality and a reflection of the times. Last summer it was widely believed handbags were dead, prompting many to question if they were the new Hemline Index? With nowhere to go apart from the occasional trip to the supermarket, it felt like the writing was on the wall for anything resembling a luxury handbag. Economists, who once relied on the length of skirts to gauge the health of consumer spending, started to wonder if they should now consider handbags alongside George Taylor’s economic index. Despite indicators to…