Loewe's best-known bag family, the Puzzle, welcomes a new member: this shoulder bag. Demonstrating what happens when expert craftsmanship and innovative design come together, it's made by artisans in the brand's Madrid atelier from geometrically cut, asymmetrically set panels of calf leather. For clever styling, it can be carried in five ways: over the shoulder, across the body, on the back, in-hand or, because the buttery leather is easily manipulated, as a clutch.