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07/26/2010 Luxury market to grow by 20% this year
Brazilian luxury market plans to beat all records. A MCF consulting study says sales may go up by 20% this year, above the historic average of 14%, due to a strong recovery after the global financial crisis last year. In 2009, sales went up by 5%, to US$ 6.2 billion. Foreign groups as Missoni, Bentley, Chanel and Hermès have arrived to the country recently.

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