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Brazil still finds favour amongst luxury retailers amidst weak economy and political corruption

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Apparel Online India November, 1-15, 2016

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Despite the worst recession in 30 years, growing political turmoil and Zika fears in the country, Brazil continues to see luxury brands still investing huge amounts of money in the retail segment. While the decreasing GDP points to a grim outlook of wary customers and tight expenditure of luxury retail in the country, but on the other hand Louis Vuitton, showcasing its cruise 2017 collection, provides a completely different outlook for the country which is of growth, importance and expansion for luxury retailers. According to the Brazilian Institute of Geography and Statistics (IBGE), the country’s consumer price index rose 10.67 per cent in 2015, the highest rate of inflation in 13 years. But in the same year, the country’s GDP…

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Source: Apparel Online India November, 1-15, 2016
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