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09/27/2012 at 06:30 PM ET

nicole richie 300x400 What Has Nicole Richie and Gwyneth Paltrow Teaming Up?
WireImage; Getty. Inset: Courtesy House of Harlow

We’ve never seen many similarities between Nicole Richie‘s boho aesthetic and Gwyneth Paltrow‘s classic sense of style, but the fashion icons are joining forces for one very chic cause.

Richie’s House of Harlow 1960 is the latest label to be tapped for Paltrow’s ‘GOOP Collection,’ a series of exclusive, limited-edition designer partnerships. Richie’s contribution? The “Addison” handbag, a classic snakeskin clutch in oxblood and teal with a jaguar closure on top.

According to a release, this particular project was “born out of a personal friendship between Nicole and Gwyneth” (news to us!). But it was a blast for Richie to do. “Creating an exclusive piece for GOOP was a wonderful experience,” she shares. “The Addison clutch is a staple in [my] collection and we felt it would be the perfect piece to complement everyone’s wardrobe.”

The bag is available on GOOP.com now for $ 225, along with offerings from MiH jeans and rag & bone.

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