I see layers of paint, applied graphics ( not decoupage), utilizing one or two crackling processes between paint layers (after graphics so they crackle too). Nice chippy look. Trim could be simulated. Fluted is readily available.
Very interesting take on an older piece of furniture. The colors are calming and cool. The distressing in the paint adds a sense of informality. A neat piece of furniture that could be used as a statement piece, or as part of a themed space.