I had pretty good results recreating this bow by doing a pin wheel bow without tails.
Kind of like in this tutorial: http://www.hair-hardware.com/articles.asp?id=138
But instead of having 2 tails, I just had the two ribbon ends start and end in the middle of the bow. Then I sewed the middle instead of tying. Don't know if that makes any sense, but it worked pretty well for me!