Handbag with adjustable closure flaps

A handbag comprising:

• a bag-shaped body that defines (i) an opening for receiving personal items, and (ii) a pair of longitudinal channels that extend along a periphery of the body, wherein each channel receives a hoop-shaped handle that encircles the body;
• and
• a first and second flap each attached to the body along opposing edges of the opening, wherein the first and second flaps can be secured in a first position, in which the flaps overlap one another to substantially close the opening of the body, and in a second position, in which each flap extends away from the opening, along a side of the body;
• wherein the first flap and the body define a first circular side, and the second flap and the body define a second circular side;
• and
• wherein the first flap comprises first peripheral magnets arranged along the periphery of the first flap, and the second flap comprises second peripheral magnets arranged along the periphery of the second flap, wherein the first peripheral magnets are configured to engage the second peripheral magnets when the first flap and second flap are arranged in the first position.