The latest celebrity ‘It’ bag is Chloé’s ‘Alice’ tote for Fall 2012.

This 70s-inspired bag with a luxe texture and sporty two-tone colour mix appears to be the must-have of the season.

The ultra-chic style, which features expandable sides and ample interior for glamorous girls on the go like Jessica Alba, Naomi Watts and Pace Wu (carrying the shoulder bag), is available in both peach and black and cream and black.

At present the cream-and-black is favoured by celebrities; which colourway do you prefer?

Chloé ‘Alice’ Tote
Cream-and-BlackHarrods, Neiman Marcus and Net-A-Porter.com
Peach-and-BlackNet-A-Porter.com, Harrods and Selfridges
Chocolate-and-blackNet-A-Porter and Barneys
Green-and-Black - farfetch.com and Barneys

Credit: XPOSUREPHOTOS.COM, FameFlynet & Getty