buying a second home


www.scmp.com “Owning a prestigious handbag is many girls dream, whether they are rich or not so rich; we make their dream come true at a lower cost,” says Byron Yiu, owner of Milan Station. Milan Station is the city’s largest chain store selling used handbags from some of the largest fashion houses. A virtually new Monogram Canvas Trouville will cost about half as much as buying it from the Louis Vuitton store. In this video, reporter Denise Tsang discusses the business of second-hand handbags with Yiu and how big savings and razor-thin margins are all part of how business is conducted in Hong Kong’s retail industry.