Ending Soon! Save 33% on All Access

This New $2,145 Handbag Looks Oddly Similar to Ikea's 99 Cent Shopping Bag If you're on the market for a new handbag, you might want to think twice before dropping some serious cash.

By Rose Leadem

Opinions expressed by Entrepreneur contributors are their own.

IKEA

Few people are willing to drop thousands of dollars on an electric blue designer handbag. But what if we told you that you could purchase similar bag for only 99 cents?

Related: Wendy's Brings the Sass in 2017

Recently, French fashion house Balenciaga unveiled a new, fancy blue handbag with a hefty price tag of $2,145. However, the product looks oddly similar to a bag many of us already own … Ikea's blue tote.

That's right, Balenciaga's new luxury handbag could almost pass as a "knock off" of Ikea's 99 cent Frakta bag. But don't worry, Ikea wants to make sure you don't get confused. Its creative team has poked some fun at the fashion house, pointing out the similarities and even advising customers on how to tell the difference.

Related: 4 Ways to Use Humor as a Marketing Tool

So if you're struggling on which bag to wear to your Friday black tie or your Sunday morning trip to the grocery store, here are some helpful instructions, from Ikea:

A post shared by ACNE (@acnecollective) on Apr 25, 2017 at 7:05am PDT

In response to the "copycat" handbag, a spokesperson for Ikea told Today, "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!"

Rose Leadem is a freelance writer for Entrepreneur.com. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Science & Technology

3 Major Mistakes Companies Are Making With AI That Is Limiting Their ROI

With so many competing narratives around the future of AI, it's no wonder companies are misaligned on the best approach for integrating it into their organizations.

Leadership

How a $10,000 Investment in AI Transformed My Career and Business Strategy

A bold $10,000 investment in AI and machine learning education fundamentally transformed my career and business strategy. Here's how adaption in the ever-evolving realm of AI — with the right investment in education, personal growth and business innovation — can transform your business.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Starting a Business

How to Find the Right Programmers: A Brief Guideline for Startup Founders

For startup founders under a plethora of challenges like timing, investors and changing market demand, it is extremely hard to hire programmers who can deliver.

Business News

He Picked Up a Lucky Penny In a Parking Lot. Moments Later, He Won $1 Million in the Lottery.

Tim Clougherty was in for a surprise when he scratched off his $10,000-a-month winning lottery ticket.

Business News

A University Awarded a Student $10,000 for His AI Tool — Then Suspended Him for Using It, According to a New Lawsuit

Emory University awarded the AI study aid the $10,000 grand prize in an entrepreneurial pitch competition last year.