Byron Yiu has made his fortune by turning traditional shopping habits around and re-selling rich women’s luxury handbags in Hong Kong.

Yiu’s Milan Station retail chain buys trendy bags — luxury tote or shoulder bags to evening clutch – from the ladies who lunch in Hong Kong’s upscale neighbourhoods.

Locally known as “tai tais”, the small and often thrifty demographic, rarely seen without Prada, Chanel or Gucci on their arm, provides the retailer with a steady flow of bags which are later authenticated by Yiu’s team.

Luxury retailer Chanel Inc. recently filed a “cyber-piracy” lawsuit against 399 websites, charging them with infringement on it’s trademark and selling counterfeit Chanel items, on the Internet.

The counterfeit items infringed upon include; handbags, shoes, wallets, jewelry, scarfs, sunglasses and clothing bearing the Chanel name.

The suit claims that the websites, specifically, use SEO strategies, using keywords that will more than likely show up in search engines like Google and Yahoo.

Harrods is housing a Chanel takeover. Until September 24th, two pop-up boutiques, the Brompton Road windows and an outstanding installation, will all pay homage to the iconic French brand.

The Brompton road store façade features themed windows, inspired by Lagerfeld’s most recent whimsical Ready-to-Wear collection, with a magical forest theme.

Situated on the Third Floor, the installation encompasses eight rooms dedicated to milestones in Chanel’s history.

Chanel created a different version of their J12 Diver Watch in celebration of Only Watch 2011.

The case, in sand-blasted black ceramic and 18kt rose gold, measures 38mm. It has a sapphire crystal and is water resistant to 300 meters.

Movement is a Swiss automatic (base ETA) with a power reserve of 42 hours.

Anna Wintour, Editor of U.S. Vogue Anna Wintour was awarded a Legion d’Honneur award by French President Nicolas Sarkozy in Paris on July 6

Wearing brand-new Chanel Couture that had walked the night before, Anna accepted her pin in front of a crowd that included Bernard Arnault, Karl Lagerfeld, Stefano Pilati, Donatella Versace, Tommy Hilfiger, Alber Elbaz, Franca Sozzani, and Riccardo Tisci.

Wintour was awarded a Chevalier (Knight) of the Order, which was established by Napoleon Bonaparte in 1802 and signifies the highest order of decoration in France.

Veteran model Claudia Schiffer stars in the Chanel Fall 2011 Eyewear Campaign photographed by Karl Lagerfeld.

The new collection’s sunglasses and eyeglasses feature the chain handle of the brand’s iconic handbags woven with a strip of lambskin to form the temples.