Sydney CBD ram raiders flee in cars laden with luxury handbags
The flagship store of the Italian luxury fashion house Fendi was targeted in a ram raid at about 3.45am on Wednesday, with a Lexus SUV smashing through the store's large glass windows.
Three alleged robbers emerged from the SUV, entering the store through the broken window and grabbing handbags from the Elizabeth Street store's display.
The trio ran in and out of the store two or three times each, depositing handfuls of bags in the waiting cars, then running back in to grab more, before fleeing the scene in two vehicles.
Investigators and Fendi staff are examining CCTV to determine the exact value of the stolen bags. A single Fendi bag costs anywhere between $2000 and $15,000.
The robbers were wearing gloves and had their faces covered.
'Obviously this is an incident and a crime that's had a degree of planning,' Chief Inspector Gary Coffey said at a press conference on Wednesday morning.
The getaway vehicles, a white BMW (registration NCA59A) and a grey Audi S3 (registration DMR81V), were stolen from a Kingsford home overnight.
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