Foreign Companies Leaving Argentina Across All Sectors

Patrick Archer competitiveness, culture, foreign investment, franchises, us companies

It’s one thing when the French maker of $500 shoes and $2,000 handbags leaves town citing an inability to compete and quite another thing when it’s a discount appliance retailer serving working class consumers with little or no credit. The retailer, Mexico’s Grupo Elektra, announced plans to leave Argentina with a press release citing “currency controls, import and export restrictions …

Former Escada Boutique To Become A Chinese Grocery

Patrick Archer buenos aires events, culture, foreign investment, lifestyle, real estate

One prominent German designers’ former Recoleta digs will have a decidedly more pedestrian look and feel for the coming season. Like Zegna, Hermes, Ralph and Louis; Munich-based Escada pulled out of Buenos Aires earlier this year leaving a prime boutique at Alvear 1444 vacant and available for aspiring fashionistas to showcase their designs. Yet, the building’s new tenant will be …

Louis Vuitton Takes One-Way Catwalk To Punta del Este

Patrick Archer lifestyle, real estate, tourism, uruguay

Last night, Louis Vuitton closed Paris Fashion Week with a collection that drew glowing reviews from the global fashion press. Closer to home, the iconic brand is sauntering down a one-way catwalk from the streets of Recoleta to the beaches of Uruguay. One week after closing the Buenos Aires store at Alvear and Ayacucho, Louis Vuitton is making the move …

Argentina Sin Polo: Ralph Lauren Joins The Luxury Exodus

Patrick Archer argentina polo, competitiveness, lifestyle, tourism, us companies

Ask any polo fanatic in Argentina what the three most important destinations are in Buenos Aires and they will tell you “Tortugas, Hurlingham and Palermo.” Ask any Polo fanatic the same question and they will tell you, “Recoleta, Calle Florida and Unicenter Shopping.” The first three are the sites of the Triple Crown of Polo; the latter the three locations …