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Lindsay Lohan’s fashion line, 6126 LLC, has expanded into handbag territory.

Called the 6126 Handbag Collection, it packs a hefty design team led by Paz Shaked Wolf, former handbag designer for Tarina Tarantino and Dolce & Gabbana.  Lindsay Lohan will sit on the team as Creative Director and according to a 6126 release today, “will continue to be extremely hands-on in all aspects of the design and production of 6126.”

The collection launches Holiday 2010 and will retail at $165-$395. It will be sold alongside 6126 apparel and will target Neiman Marcus, Nordstrom, Saks Fifth Avenue, Bloomingdales and other high-end specialty boutiques worldwide.

For Spring 2011, 7286–a seemingly more affordable version of the 6126  line, inspired by Marilyn Monroe–will launch at Dillard’s department stores across America. The handbag collection for the diffusion brand, named after Lindsay’s birthday, will retail at $168 and under.