Pursuits
Luxe for Sale as Cartier, Prada Become Bargains in Brazil
Luxe for Sale: Slide in Brazil's Real Leads to Discounts
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Cartier and Louis Vuitton, those global symbols of opulence, suddenly look like bargains in one of the world’s economic trouble spots: Brazil.
Because of a plunge in the value of Brazil’s currency, the real, many marquee-name luxury products are now cheaper in Sao Paulo than they are in New York.