I'm not sure on it tbh, to me It's just an every day nylon-y looking black bag, IMO you could pick something samey up up for a lot, lot less.
I'd be more of the thinking that if I returned it I'd have £100 to put towards something that shouts quality bag a lot louder.
Its also a fair chunk for an accidental buy and I say that as someone who wouldn't think twice about spending that on a bag.