Reuters: Lifestyle: Chanel as collateral: HK firm gives handbag-backed loans

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Chanel as collateral: HK firm gives handbag-backed loans Sep 9th 2013, 07:11 HONG KONG (Reuters) - In designer-obsessed Hong Kong, keeping up appearances can be hard on the pocketbook. One company has an answer: cash-strapped shoppers can get money quickly by pawning their Gucci, Chanel, Hermès or Louis Vuitton luxury handbags.

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