The house of Versace will have to trim down 350 jobs to stay track to become profitable within 2 years. This is exactly what happens when people start cutting down on luxury items. This translates to mortgages unpaid, kids stop going to school so really, while saving is of utmost important, if you could, keep spending, on luxury or not, because that is the only way the economy could turn back upwards.

In the light of luxury saving livings, this shoulder bag from the Italian house is just stunning but pricey.  Don’t get me wrong… I love Versace’s true form of ultimate glam and luxury but I think Donatella should start balancing out the offerings from the brand with  more affordable and simpler goods suitable for daily use in order to keep the revenue streaming in, just like its Italian counterparts named Gucci and Prada. Versace items are generally just way too special for most occasions. This shoulder bag is made of coated PVC, nylon, canvas and silk lining. Available at Saks for USD1,370.

Image is courtesy of Saks