Luxury mall owner and operator Iguatemi is riding the wave of Brazil’s growing affluence and consumers’ appetite for luxury goods.
The South American country’s growing economy makes Brazil a nation of voracious shoppers, which is reflected in Iguatemi Empresa de Shopping Center SA’s gains. Net income in 2007 rose 83.6 percent to $25.7 million from $14 million in the previous year. However, net income would have been even higher if not for expenses related to Iguatemi’s February 2007 initial public offering, which reduced earnings by $11.9 million. Revenues were up 42.3 percent to $70.7 million from $49.7 million in 2006. Dollar figures have been converted from the Brazilian real at average exchange for their respective periods.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)