Abstract: A handbag having a seamless inner compartment comprised of a core made from plastic foam materials, a magnet embedded within the core material about a rim of the inner compartment and a decorative material covering the core material. The handbag also having an outer compartment, within which the inner compartment fits, also having a core and cover, as well as a magnet or magnetic metal material about its rim. The inner compartment fits within the outer compartment and is secured within the outer compartment via the positions and mutual attraction of the magnets and magnetic materials in the respective rims.