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Luxury goods become bargains in Brazil as real plunges

Many brands don't adjust prices often, tolerate narrower margins to partially offset high import levies and sales taxes

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Published Sun, Aug 16, 2015 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Sao Paolo

    CARTIER and Louis Vuitton, those global symbols of opulence, suddenly look like bargains in one of the world's economic trouble spots: Brazil.

    Because of a plunge in the value of Brazil's currency, the real, many marquee-name luxury products are now cheaper in Sao Paolo than they are in New York.

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