The Mondrian-inspired jacket is pretty cool, but that's about the only good thing to say about this outfit! With some nicely tailored black slacks, you could even wear this jacket today and look good!
I tend not to be a fan of overly novelty-ish handbags, and this is definitely too much novelty. Stupid question, perhaps, but do the studs on the bag represent specific cities?
I was also thinking about that.... At a closer look the biggest stud seems to be on the location of Brussels.