The obvious risks are that because the designer's handbags are not as known, or as popular, as let's say Coach or Guess handbags, his merchandise will be more difficult to sell than those of more established and popular brands.
On the other hand, because the designer is not very known, you might very well be the only retailer carrying his production, which will allow you to corner the market and set your own price.
While it might be worthwhile to take a chance on a new name, I would never do it in place of products which you know can sell.
If you do decide to take a chance, you could be better off doing it in tandem with your regular wholesale pocketbook line, since the popular brands will draw in shoppers who will then see your other merchandise.
It is very good for the company to produce new design in wholesale handbags because they can get good profit in wholesale and people can get product in their budget.
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