Brazil is the country where the luxury sector suffered least in the pandemic

Brazil had less retraction in the segment thanks to an elite that maintains high consumption.

RIO DE JANEIRO, BRAZIL - After the first year of the Covid-19 pandemic, the resilience of the Brazilian luxury goods market is being put to the test again. The next five years should define whether the maxim, disseminated in the global industry, that Brazil would be an oasis for the sector's brands, is still valid.

If the effects of the recession that began in 2015 had already undermined the expansion plans in the country of companies focused on the sale of these goods, reducing by R$1.2 billion (US$214 million) the annual revenue of the segment by . . .

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