It’s Ikea vs. Balenciaga. Which One Will Throw in the Towel?

Ikea’s towel troll isn’t the first time the brand has tangled with Balenciaga. 

In 2017, the brand released the Arena, an extra-large tote bag. Constructed of wrinkled and glazed blue leather, the item cost $2,145—and closely resembled Ikea’s iconic FRAKTA totes that sell for under a buck.