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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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It's a remarkable turnabout from early this decade, when a strong real turned affluent Brazilians into globe-trotting consumers.

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

sentifi.com

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