Latin America’s luxury market is booming, underpinned by robust economic growth. The phenomenon has put the region on the map for the world’s largest luxury brands, which are expected to spend millions to pursue aggressive expansions in coming years.
Danielle Zito, a luxury consultant at Bain & Co. specializing in Latin America, said Brazil, Mexico and Argentina remain the largest markets, worth some $5 billion together, while Panama, Chile and Colombia follow close behind. Peru, too, is a promising market, he added, though the country’s retail infrastructure must develop further.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"