RIO DE JANEIRO — Could the Brazil juggernaut be about to hit some road bumps?
As fashion brands such as Giorgio Armani, Diane von Furstenberg, Burberry, Chanel and Christian Louboutin flock to tap into the booming market with freestanding stores, joining the likes of Gucci and Louis Vuitton that are there already, there are growing concerns Brazil’s growth could slow down over the next 18 months, even as more brands enter the country. Then there is the nation’s upcoming presidential election in October, which will see incumbent President Luiz Inácio Lula da Silva — to whom many attribute Brazil’s economic miracle — step down and a new leader take over.
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