Ikea responds to Balenciaga's â¹1 lakh lookalike bag 
Furniture retailer company Ikea has responded to French luxury fashion house Balenciaga's shopper tote bag costing â¹1 lakh, which is allegedly a 'copy' of Ikea's plastic bags which come for â¹64. Ikea has released an advertisement explaining to customers how to identify the original bag. While Ikea's bag is made of recyclable plastic, Balenciaga's bag is made of lambskin leather.