Hello everyone, I live in Spain where the department store El Corte Ingles sells Balenciaga bags for around 200-400 euros. After reading these message boards I was unsure, because of the low price, about whether these bags were fakes, even though the store employees assured me they were authentic. I emailed Balenciaga, and they responded that the products El Corte Ingles sells are "licensed" products, not designed by Nicolas Ghesquiere, explaining the low price. What does this mean? The bags are quite attractive, but I have never heard of "licensed" products before. Are they still considered Balenciaga? Can you help clear this up for me? Thanks much.