This is the "Hammock de Drawstring Mini" way bag from Loewe. It is a bag that can be arranged into various forms depending on the included straps and how it is folded.
Brand: Loewe
Item name: Hammock de Drawstring Mini

Size
W Upper 25 Lower 10.5 /
Height: 19 cm (7.48 in)
Depth: 16.5 cm (6.50 in)
Handle: 15 cm (5.91 in)
Shoulder: 107-123 cm (42.13-48.43 in) interval)
Weight: 310 g
Inside: Open pocket x 2
Material: Leather
Color
Main Item: Brown
Hardware: Silver
Accessories
Shoulder strap
Item details
There are some scratches on the leather, slight press marks on the bottom, and dirt inside the pockets.