Mischa Barton and new boyfriend Taylor Locke are spotted below on the streets of London this week.

They look absolutely thrilled to be together, don't they?

Meanwhile, rumors are circulating that the thin actress will soon be throwing her hat - or handbag, to be precise - into the celebrity fashion ring; she's set to launch her own collection of handbags.

"Mischa has always loved fashion, especially handbags," her rep told Elle, adding that the line will be vintage-inspired and finished by a flower motif hand drawn by Mischa herself.

We can barely contain our excitement over this news.