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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
Add BT as a preferred sourcePublished Sun, Aug 16, 2015 · 09:50 PM
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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