Tapping Brazil’s Next Tier

Museu Oscar Niemeyer in Curitiba, capital of Paraná state | Source: Flickr

Latin America’s powerhouse has made great strides forward but lost the mouth-watering economic momentum of the boom years. Now, to unlock more of Brazil’s potential, global fashion brands are trekking to the very margins of the map. Market GPS is sponsored by Marvin Traub Associates.

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Carlos Jereissati, the Man Who Brought Luxury to Brazil

Carlos Jereissati Filho | Photo: Fernando Pinheiro for BoF

According to the International Monetary Fund, Brazil is set to clock in as the world’s sixth largest economy in 2013. BoF meets shopping mall magnate Carlos Jereissati, a member of the recently launched BoF 500, who is helping international luxury brands tap the opportunity.

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Richemont beats estimates, Brazil rising, Sportswear gold, My-wardobe in Asia, After J.Crew

Richemont CEO Johann Rupert | Source: Connecting Watches

Richemont Full-Year Profit Beats Estimates on Asian Sales (Bloomberg) “Richemont, the second-biggest luxury goods company, reported full-year profit that beat analysts’ estimates as sales were boosted by buoyant demand for high-end goods in the Asia-Pacific region. Net income climbed 43 percent to 1.54 billion euros ($1.96 billion) in the 12 months through March 31, the Geneva-based company said today in a statement.”

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