The fashion house first debuted its triangle bag on the Spring/Summer 2022 menswear runway, quickly expanding to women’s wear — and from there, to the arms of virtually every celeb and influencer.

All that and a bag of chips? Balenciaga debuted its latest fashion trend at the Summer 2023 “The Mud Show” presentation: Lay’s potato chip handbags. Instead of spending $4 on a bag of chips ...