Abstract: A handbag having a replaceable decorative cover is provided. The decorative cover has a laminated structure. A face sheet, a central core sheet and a back sheet are bonded to one another with the central core sheet between the face sheet and the back sheet. The central core sheet is a size smaller than the face and back sheets. The lamination is done by bonding the peripheral margins of the face and back sheets while the central core sheet is applied with adhesives at appropriate portions to be bonded to the face and back sheets. In this way, the peripheral marginal area of the laminated decorative cover is thinner than the central area thereof with the result that the marginal area can be inserted under the frame attached to the cover or body of the handbag without causing the frame to bulge. In addition, the laminated structure provides a wide range of alternatives in material selection.