"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!" Ikea said in a statement provided to NBC's TODAY show.
The Balenciaga bag differs from the Ikea bag in at least one significant way: It's "constructed of blue wrinkled, glazed leather."
Balenciaga, which has not commented on the similarity between the bags, also sells the Arena Extra-Large Shopping Tote in yellow -- the original color of Ikea's Frakta bags.