This makes me sad... This person paid to have the handle replaced last year too, that looks good but the rest of the bag, not so much...
http://www.ebay.ca/itm/Vintage-Herm...152672?hash=item464cf9d720:g:DgMAAOSwiYFXHOgD
I agree, it is a tragic sight. It is like a Franken-Kelly. If they felt the handle needed replacing and didn't do anything to the bag itself, it makes me wonder what the handle looked like before.