Abstract: A handbag assembly according to which a variety of outer decorative coverings can be selectively attached to the main article carrying bag to suit the desired decor. The main article carrying bag, which has a bottom and opposed sidewalls, is of flexible but sturdy construction capable of supporting whatever is intended to be carried. The sidewalls terminate at an upper rim to which is attached a pair of opposed handles, for easily supporting the carrying bag and its contents. An outer decorative covering of a desired decor substantially envelops the main article carrying bag and is attached to the carrying bag at locations proximate to the upper rim. The handles may be reovable from the carrying bag and changed according to the desired decor and may be of different functional designs. Elastic members may be provided to bias the opening of the bag to a closed position or, in the alternative, positive closure devices may be utilized.