The term 'Brand of Designer Bags' can be answered by the five-letter word 'Prada'. Prada is an Italian luxury fashion house, founded in 1913 by Mario Prada. It is known for its high-end designer bags, as well as other leather goods, shoes, and ready-to-wear fashion items. Prada's iconic bags are often seen on the arms of celebrities and fashion influencers, making them a highly sought-after item.