Sunday, June 24, 2007

As Real Soars, Brazilians Make Love to Gucci, Porsche, Prada and Tiffany

(Bloomberg) -- Never have Gucci, Porsche, Jaguar,
Prada and Tiffany been so in love with Brazil, home of the
world's best-performing currency over the past three years.

The waiting list for Prada SpA's new spring-summer line of
leather bags has swelled to 120 people at Dona Santa, a luxury
goods store in the Brazilian coastal city of Recife. The most
expensive bag in the collection costs $3,600, equal to about
half the annual income of the average Brazilian household.


Read more at Bloomberg Currencies News

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