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Who
Uses Pawn Shops?
Barney Pressman,
founder of New York-based luxury chain Barneys, owed a lot of his
success to his wife. When Pressman saw a small store in Manhattan going
under in 1923, he wanted to buy it and open a clothing store of his
own. There was a problem, though: he didn't have the cash. When Pressman told his wife, Bertha, about this
predicament, she slipped off her engagement ring and told him to pawn
it. With the $500 Pressman got from hocking his wife's
diamond, he took over the failing store's lease and bought 40 high-end
suits, which were the original inventory when Barney’s Clothes opened
its doors shortly thereafter.
Information provided by mentalfloss.com- October
27, 2009
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