Sorry, but I think my logo could surely be much better, but not using more colors.
Here I do it for fun and not for work (for work 20$ in my expensive country would be not the worth), so to make it parrotful is not in my mind.
It's a contest, the important is to partecipate, to win is important for bets.
In my opinion a fashon design logo should be monocrome, like Armani, D&G, Ungaro, Cavalli, Gucci, Prada, Versace, Kalvin Klein, Chanelle, J.P. Gaultier, Dior, Givenchy, etc etc etc etc and last, but not least Accessorize (that is psychedelic in design).
This kind of logo (always IMO) will be reproduced on small labels as on shop signs, and obviously on the product (that has it's own color scheme), so it should be "versatile" and elegant in any condition.
Well there are some coloured logos, like Lacoste (ok... at the beginning it was exclusively for good old times tennis wearing=absolutely on white) but exceptions are things of this world (for the little I know about fashon brands)
The bag was not a logo, but just a "LouisVuittonizated" application of the logo.