Paying for a watch with a big wad of cash..?
Discussion
Not me unfortunately, but was looking at a display in the window of a well known high street watch company. Won't say which one but it specialises iin watches from the land of toblerone and cuckoo clocks...
Behind the display was the shop area, set out with desks and highly manicured staff - plus a small number of customers.
At the desk immediately next to the display I was lookng at (from outside) were two guys in their early 20's talking to a female member of staff (seated) and a salesman (running around bringing stock for the 2 guys to look at).
On the desk were a number of nice watches and the biggest stack of banknotes I've ever seen in real life.
The guys were obviously looking for a good deal, a fair bit of haggling between them and the sales team was in progress.
I'm pretty sure money laundering rules apply to all retailers these days - so how were these guys going to make a large cash transaction on the high street? (My big assumption is that the cash was theirs - not the shops!)
Second question - does waving a big wad of cash around actually get you a better deal with a mainstream retailer? Seems a bit unlikely to me...
Behind the display was the shop area, set out with desks and highly manicured staff - plus a small number of customers.
At the desk immediately next to the display I was lookng at (from outside) were two guys in their early 20's talking to a female member of staff (seated) and a salesman (running around bringing stock for the 2 guys to look at).
On the desk were a number of nice watches and the biggest stack of banknotes I've ever seen in real life.
The guys were obviously looking for a good deal, a fair bit of haggling between them and the sales team was in progress.
I'm pretty sure money laundering rules apply to all retailers these days - so how were these guys going to make a large cash transaction on the high street? (My big assumption is that the cash was theirs - not the shops!)
Second question - does waving a big wad of cash around actually get you a better deal with a mainstream retailer? Seems a bit unlikely to me...
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