Pawnshop opens in “the city”
April 8, 2009 | alternatives, industry, international | Comments (0)That’s the term the British use for the financial district of London. From Walletpop:
A new pawnbroker’s, thought to be the first in a century, opened its doors on Bishopsgate, near the Bank of England, last month. The British newspapers, always quick with a sharp angle, announced the opening with a headline reading “Fat cats hock their diamonds.”
The storefront once housed a recruitment consultant. Now, black-suited bankers use the premises to hock their fine jewelry, Rolexes, and diamonds from behind protective glass. The average loan is about ten times what suburban pawn shops give, but then again, the stakes are higher for Europe’s former high rollers.
Pawnbrokers are one entrepreneurial bunch.
Comments»
No comments yet.