It's an old one, pics are from Jan 2006. I love it and I looked everywhere for it but no luck. It is very, very cute. I hope you guys can help - thanks much in advance!
(The one Katie is wearing of course, not Vic's Hermes )
it is Isabella Fiore. It is the Besame Chullo hobo bag. I wore it all over Aspen a few years ago. Although it wasn't a "city bag", it made such a splash in that ski atmosphere! I didn't know that Katie had that bag.