Introducing the new IT bag from Versace, Palazzo Empire is the new luxury It bag released in Spring Summer 2016 women’s collection. This year, the iconic Palazzo Empire bag brings the refreshing new color combination. Today, let’s talk a bit more about the classic black one. Since its launch in 2016, the Palazzo Empire has become one of Versace’s best-selling handbags, its top-handle silhouette making it an elegant everyday option. Beloved of Gigi Hadid and Alessandra Ambrosio, the bag’s defined structure is down to the precise nature of its construction: each bag is made from 30 pieces of high-grade natural leather, meticulously put together by hand in Versace’s Italian atelier.