No boom, and maybe bust ...

No boom, and maybe bust ...

Jeremy   September 02, 2008   No comments:

Yesterday this blog reported on the boom in the sale of luxury brands in Brazil. A very different opinion is that expressed by Glória Kalil who, in the late 1970s, was responsible for introducing the Italian brand Fiorucci to Brazil. In Brazzil Mag the text runs thus:

"We still do not have Brazilian brands, except for Havaianas and H. Stern, which are known outside the country," she claims. Finally, Glória calls attention to the fact that the domestic market is small for the brands regarded as luxury brands, and that the popular ones are faced with Chinese and Indian competition. "The outlook is bad, and I have been warning the sector and the government about that."

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Luxury goods sales soar in Brazil, as recession bites old world and US markets

Luxury goods sales soar in Brazil, as recession bites old world and US markets

Jeremy   September 01, 2008   No comments:

According to the International Herald Tribune, while European luxury brands are suffering in many of their traditional markets, consumer-spending gloom has not yet affected buyers of high-end fashion, handbags, watches and other accessories in Brazil. For the first half of 2008, brands such as Hermès, Gucci and Tod's have all reported impressive earnings, meeting or exceeding market expectations. Sales have been particularly buoyant in countries like Brazil, Russia, India and China.

The sales figures quoted in this news item are all for the genuine product, as reported by the brand owners -- they give no indication as to the scale on which imitation and counterfeit products are being made and sold in those four countries.

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