When Balenciaga released a £1,125 shopping tote that looked very similar to Ikea's $0.99 Frakta bag last spring, all fashion hysteria broke loose. Ikea vs. Balenciaga memes instantly took over Twitter and the Swedish retailer later responded with some A+ trolling in a tongue-in-cheek ad.
But it looks like Balenciaga isn't done making luxury shopping bags just yet. The French fashion house unveiled another new shopping bag, this one even more expensive than its lookalike Ikea bag. Coming with a £1,405 price tag, Balenciaga's new tote is a luxe version of the store's actual paper shopping bag. The black and white logo tote is made with 100 percent calf-skin leather, leather handles, and silver metal hardware (a step up from the paper version).
You can shop Balenciaga's latest tote at Colette.
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