Global Fashion Brands Targeting South America, Still Avoiding Argentina

[soliloquy id=”21042″] Four years removed from the mass exodus of Polo Ralph Lauren, Louis Vuitton and Escada from the streets of Recoleta, global fashion brands are once again targeting major South American metros with the notable exception of BA. “Foreign Clothing Brands Keep Avoiding Argentina” is the headline of Alfredo Sainz’s excellent piece in La Nacion charting the retail resurgence in neighboring countries and the extended fashion …

Buenos Aires Real Estate Closings Decline for Third Consecutive Month

Real estate sales in the City of Buenos Aires fell for the third consecutive month, as the local market continues to feel the impact of US dollar currency controls imposed November 1 of last year. Closings in Buenos Aires in the month of February were down 18% compared to February 2011, according to the new report from the Buenos Aires …

Investment Fund May Restore Harrods Buenos Aires to Former Retail Glory

Omnia Omnibus Ubique…etiam Buenos Aires?  One of the world’s most famous luxury department stores may soon reopen its landmark Buenos Aires location if a UK investment group purchases and restores the seven-story Harrods building at Florida Street and Cordoba Avenue, according to Alfredo Sainz at La Nacion. While London-based Harrods is best known for luxury retail, real estate, private banking …

15 Months of Rising Demand for Buenos Aires Real Estate

Fifteen months ago, the Buenos Aires real estate market moved into positive territory after fourteen straight months of negative prior year comparisons. We characterized the first positive month (December 2009) as Something to Build On, and the prices of new and used properties in the majority of BA barrios have been rising ever since. Looking forward, La Nacion’s Alfredo Sainz …

Brazil Becoming “The New Mecca for Argentine Wine”

The Dia de San Valenti­n may be over, but the Argentine courtship of the growing ranks of Brazilian wine lovers is poised to intensify in 2011. A booming economy and growing middle class are fueling our Mercosur neighbor’s demand for premium wine from Argentina, so much so that La Nacion’s Alfredo Sainz declares Brazil, “the new mecca for Argentine wine.” …