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"  Princess Margaret, Countess of Snowdon, was one cheeky chick. While her older sister, Queen Elizabeth II, was stuck at Buckingham Palace serving high tea to dignitaries, she was whooping it up in Mustique, allegedly skinny-dipping with gangsters and rock stars and hosting all-night ragers on her 10-acre waterfront estate. &amp;quot;Margaret was a very naughty royal in her day,&amp;quot; says Mulberry&amp;#039;s creative director, Emma Hill, who named the brand&amp;#039;s latest handbag after the notorious headline grabber. &amp;quot;She&amp;#039;s perfect for Mulberry, which is all about fun, not serious, somber, intellectual style.&amp;quot; Building on Hill&amp;#039;s ultrasuccessful knack for sexing up classic English heritage with racy twists\u2014 something that comes naturally to the bawdy Brit\u2014the new bag is pure arm candy. Available in such shades as grape soda and plum taffy (of course, there&amp;#039;s black leather and gray ostrich, too), the bag boasts a kitschy emblem of bulldogs balancing teacups and cupcakes on their heads. In loving honor of Margaret, there&amp;#039;s a gold crown, too. &amp;quot;In England, there&amp;#039;s always something slightly off,&amp;quot; Hill says. &amp;quot;I want to make women squeal with leopard! Sequins! Shazam fashion!&amp;quot; After its show during London Fashion Week, Mulberry hosted a debaucherous party at Kensington Palace, the late princess&amp;#039;s London home, featuring alterna-dance band Delphic, club-kid face painting, and life-size sequin leopards. London&amp;#039;s glitterati, including Alexa Chung (one of the brand&amp;#039;s muses), Liberty Ross, Amber Le Bon, and Pixie Geldof, came out to play. At least one titled aristo, Lady Sophia Hesketh, did Margaret proud, stealing behind the Orangery&amp;#039;s shrubbery to sneak a cigarette with her champagne. "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.elle.com/fashion/a11313/mulberry-margaret-bag/>