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”
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More Brazilian milionaires
In June, the Boston Consulting Group report announced that Brazil had over 127 thousand millionaires. The last data from ANBIMA shows that it has gone up again. This week the Brazilian Association of Entities in the Financial and Capital Markets (Anbima) has estimated that Brazil has around 150 thousand people with more than R$million in financialContinue reading “More Brazilian milionaires”
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