From Gotham With Love. That’s how we summed up our initial impression of the Algodon Mansion in last summer’s issue of InvestBA Privada. Now it seems the hotel that redefined the luxury category in Buenos Aires has joined one of the most exclusive clubs of hoteliers, chefs and restaurateurs. Algodon Mansion is the first and only Buenos Aires hotel to become a member of the Relais & Chateaux Collection.

According to Relais & Chateaux, ”The hotel’s 1912 French classical landmark building has been impeccably restored and re-imagined with stylish contemporary elegance. Attended by 24-hour butlers, each of the 10 suites overlooks the shady residential street as well as an exquisite interior light-well and waterfall cascading into the lobby. Rooms are exceptionally spacious and offer superior amenities and comfort. The restaurant, Chez Nous, reinterprets traditional regional dishes, taking Argentine gastronomy to a new level.”

According to Travel Pulse, “Chez Nous becomes only the second Buenos Aires restaurant to join the Relais & Chateaux Collection.” The Algodon Wines featured at Chez Nous also received their share of accolades this month when Robert Parker’s Argentina Wine Ratings were released. The 2008 Algodon Malbec received a “91″ and the 2008 Algodon Bonarda received a “90.”

For more information about luxury hotels, fine dining and shopping in Buenos Aires, download the new issue of InvestBA Privada.

Wendy's Buenos Aires Argentina

Facebook photo of the first new Wendy's to open in Argentina after a 12-year hiatus.

The ongoing battle for burger-lovin’ hearts and minds heats up tomorrow in Argentina with the official return of Wendy’s to Buenos Aires. Ohio-based Wendy’s originally bought 11 Buenos Aires restaurants in the 1990′s for $13.2 million and grew the chain to 18 company-owned restaurants before pulling out of Argentina altogether in 2000. Now, twelve years later, the smiling redhead with pigtails returns to BA Thursday with plans for 5 more CapFed locations this year alone, according to Cronista’s David Cayon.

Cayon says the location of the first new Wendy’s in Buenos Aires, a Belgrano location one block from the first McDonald’s Arcos Dorados opened 25 years ago and two blocks from Burger King, is a fitting allegory for the growth of competition in Argentina’s fast food arena hamburguesa, a sector growing at a brisk 8% annually. McDonald’s has over 200 restaurants in Argentina and annual revenue of over US$400 million. Burger King has 58 locations, and Wendy’s plans to open 50 new outlets in the coming years.

In other Argentina burger news, Hollywood Burger which opened less than a year ago in Mendoza, just announced expansion plans to Dubai where the company will open the first Hollywood Burger locations in the Middle East over the next 12-18 months. The company’s Fresh Food, Fast! model and Hollywood-themed restaurants should be a hit in Dubai given its youthful demographics, large expat community and Hollywood ties. The new Tom Cruise blockbuster Mission: Impossible Ghost Protocol was filmed and just had its world premiere in Dubai. (Full Story in Spanish)

For more information about Argentina franchise opportunities, download the new issue of InvestBA Privada.



‘Tis the season for self-aggrandizing Top 10 lists, so we offer InvestBA’s purely selfish, entirely unscientific spin on the Top 10 Trends, Market Movers & Storylines of 2011 in Argentina and Uruguay, our two favorite places in the world.

Thanks for another great year, and we offer best wishes and much success to all of our readers and subscribers in 2012.

QR Code Staples Argentina

Just Press the Easy Botón: Staples takes office supplies to the streets of Buenos Aires.

If people can’t get to the store, let the store go to the people! That was the brilliant idea behind Tesco’s launch of virtual convenience stores in Seoul subway stations, which quickly became a viral sensation in June with over a million views on YouTube.

Now the world’s largest office products company is taking that same convenience concept to the streets, subways and bus stops of Buenos Aires with a free smartphone application for iPhone, Blackberry and eventually Android. Staples operates two stores in Buenos Aires (Santa Fe 2496 and Lavalle 565), but the Boston-based company has business customers spread all throughout Capital Federal.

With the new smartphone app, Staples promises Buenos Aires customers can “Save Time. Find a Staples where you are.” Customers will now be able to scan QR codes of popular office products like paper, binders and highlighters from virtual stores located in Subte stations, Puerto Madero bus stops, Buenos Aires universities and movie theaters. According to Claudio DeStefano in today’s d:biz, the Staples mobile app was developed by Quadion Technologies.

Fittingly, DeStefano is the brains behind the sports marketing segments the City of Buenos Aires broadcasts on SUBTV for those waiting to board the subway. So between Staples and DeStefano, the competition for eyeballs and attention spans gets even more heated on the Subte platform, but what a great way to maximize formerly wasted time.  Not only are the Subte stations adding value to barrios and real estate in Buenos Aires, between education and e-commerce, they are beginning to enrich people’s lives.

For more information about mobile apps, startups and technology in Buenos Aires, download the new issue of InvestBA Privada.

Consumer Spending in Latin America

A decade of positive trends for Latin countries like Argentina, Brazil and Mexico (Source: WSJ.com)

Despite the media hype and bizarre headlines generated by the just completed Black Friday retail event, the annual day-after-Thanksgiving shopping holiday has come and gone with little economic impact in the US. In fact, a leading survey of economists forecasts US growth will be a modest 2.5% in the final three months of 2011. Just as a famous Wendy’s ad campaign once posed the question, Where’s the Beef?, US-based retailers may wake up Monday morning asking Where’s the Growth?

Well, if you are the world’s largest retailer, the answer appears to be Argentina, China and Mexico. In its most recent earnings release, Walmart International reported a 20.3% increase in sales compared to a 2.7% increase for Walmart US stores. According to the report, “All markets had constant currency sales growth, with Argentina, China and Mexico providing the strongest growth in the third quarter.” An additional US$2 billion of international acquisitions also boosted Walmart International’s quarterly sales figure to US$32.4 billion.

While Walmart acknowledges “the economy continues to weigh on U.S. customers,” Latin American markets, consumer confidence and purchasing power are surging, trends well documented in a recent Wall Street Journal article, A-Rags-to-Riches Career Highlights Latin Resurgence. In the article, Matt Moffett explains how the middle class is growing throughout Latin America along with per capita incomes.

Moffett interviews one economist who says Walmart International’s Latin American investment reflects the company’s faith in the middle class in countries like Mexico and Argentina. When told some intellectuals questioned his optimism regarding the prospects for continued middle class growth in Latin America, the economist responds, “Who are you going to believe…an intellectual or Walmart?” (Full Story at WSJ.com)

For more information about investment opportunities in Argentina, download the new issue of InvestBA Privada.

 

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© 2011 InvestBA.com