Buenos Aires Real Estate Activity: A New Year With Something to Build Upon

Patrick Archer buenos aires events, foreign investment, real estate

Argentina’s Reporte Inmobiliario just released the 2009 summary for real estate transactions in the City of Buenos Aires and, despite the fact that activity is at the lowest level in a decade, the overall trend for 2009 is positive. According to RI, “Compared to 2008, the total number of real estate transactions in the City of Buenos Aires (75,950) fell …

On Super Bowl Eve, The Beer Wars Heat Up In Buenos Aires, Latin America

Patrick Archer competitiveness, creative class, foreign investment

When temperatures began to rise in BA last November, one local brewer, Isenbeck, covered the City with billboards promising the ultimate fantasy for beer lovers seeking respite from the calor bonaerense: A chance to swim in beer. Ultimately, according to Advertising Age, the marketing event was canned by government officials who feared “the Pileta de Cerveza ad campaign and the …

Kraft/Cadbury Makes Sense in Argentina

Patrick Archer foreign investment, us companies

Judging by today’s headlines, Kraft’s $19.44 billion purchase of U.K.-based Cadbury Plc. is not going down well with most market insiders: Warren Buffett went on CNBC and said he “felt poorer” (after Kraft upped the ante by almost $3 billion) and MarketWatch’s Simon Constable warns, “Kraft is going to get indigestion from gobbling Cadbury.” While the deal may present major challenges …

SuperBA: Buenos Aires Grocery Sector Attracts Foreign Investment

Patrick Archer buenos aires events, foreign investment, franchises, us companies

Business headlines this week in the Latin American supermarket space present a sharp contrast in the stability and predictability of investing in certain countries. France’s Groupe Casino operates supermarket chains in both Argentina and Venezuela under the banners Leader Price, Libertad, HiperCasa (in Argentina), Cada and Exito (in Venezuela). When Hugo Chavez devalued Venezuela”s bolivar 50% last week, he vowed …

Chile’s Falabella Bets On Continued Retail Strength in Argentina

Patrick Archer foreign investment

Sales of consumer durables have always been a good gauge of market sentiment and overall consumer confidence. An even better barometer lies in the capital spending plans of major retailers who supply the stainless steel refrigerators, 42″ LCD TVs and the increasingly popular lavadoras de carga frontal. According to Reuters, Santiago-based Falabella (Chart), plans to spend $1.72 billion in Argentina …