French luxury brand Balenciaga revealed its new bag recently and it looks extremely similar to IKEA‘s iconic blue tote bag!

The major difference is the price: While Balenciaga’s leather item costs a whopping USD2,145 (approx. RM9,440), IKEA’s crinkly FRAKTA tote is only priced at RM2.

Source: Balenciaga/IKEA

Called the Arena Extra-Large Shopper Tote Bag, the Balenciaga bag is advertised as being made out of “blue wrinkled, glazed leather” with small, gold-stamped logos affixed to it. But aside from the material, the 2 bags are identical in colour, shape, and size.

However, IKEA doesn’t seem to mind about the imitation at all. In a statement, the company said, “We are deeply flattered that the Balenciaga tote bag resembles the Ikea iconic sustainable blue bag for 99 cents. Nothing beats the versatility of a great big blue bag!”

This is not the first time the French brand has been “accused” of “copying”. Last year, one of its Fall/Winter designs was said to resemble the “red-white-blue” plastic/nylon bags that are commonly found in Asian markets.

Don’t believe us? See it for yourself:

Source: Balenciaga/Asia One

So what are you waiting for? Time to search through your house for that IKEA bag! It’s haute couture now 😉

Sources: CNN, MTV Asia.