Brazilian luxury market to grow 25% by 2017
The Brazilian luxury market will grow up to 25% in five years. The forecast is from Bain & Company, which presented its projections during the 11th edition of the Luxury Goods Worldwide Market Study. The event is considered a thermometer for the segment. In the last twelve months, the world luxury market grew 10%, moving 212 billion euros. In the Americas, the biggest boost in the market comes from Brazil, which is expected to close 2012 with revenues of 2.7 billion euros.
Address Consulting believes in projects that have a re-reading for luxury through lifestyle, betting on partnerships aimed at this universe, such as the partnership with NOBU Hospitallity that is a internationally recognized brand that has a proposal of exclusivity and luxury experience.