Brazilian’s luxury power

It is probably true that China is the luxury industry’s new El Dorado. But Brazilian millionaires and middle class are busting a market expected to grow 33% in sales in 2011. Traditional fashion icons such as Hermes and Rolls-Royce are setting foot in the tropics. So is Coach, the American shoe, handbag and accessories maker.Continue reading “Brazilian’s luxury power”

Private banking industry in Brazil up 15,9% this year

The private banking industry in Brazil turned R $ 337 billion by September this year, up 15.9% from R $ 290.5 billion computed by December 2009. This amount is divided by 62,700 wealthy customers. The funds are the preferred choice for investors with 42% of total volume, followed by fixed income assets with 34% variable income assetsContinue reading “Private banking industry in Brazil up 15,9% this year”

Brazilian millionaires

Brazil has 127k families with net worth above US$1mn, according to Boston Consulting Group research just made public recently. This means that Brazil is 17th in the ranking of countries with the most millionaires. The US ranks 1st  with 4.1mn households, Japan comes in 2nd, and China, 3rd. India and Brazil, together with China, are the only emerging markets on the 20-countryContinue reading “Brazilian millionaires”

Louis Vuitton expands in Brazil

Two months after opening its sixth boutique in Brazil, now in the Iguatemi Shopping of Brasilia, the French luxury brand Louis Vuitton plans to expand its store network in the country. LV’s Yves Carcelle told Jornal Valor that they are looking at other cities as well as Sao Paulo and Rio, where they already haveContinue reading “Louis Vuitton expands in Brazil”