• Categories
  • Archives

Brazilian Fashion Expected to Grow 15% in 2005

The sixth edition of Fashion Business, an exchange mart for Brazilian fashion, was officially inaugurated, yesterday, June 15, in the Museum of Modern Art, in Rio de Janeiro.

The fair runs parallel to the seventh edition of Fashion Rio, in which the new spring/summer models are displayed.


The superintendent of the Brazilian Micro and Small Enterprise Support Service (Sebrae-Rio de Janeiro), Sérgio Malta, predicts a 15% sales growth in the Brazilian fashion sector this year, compared with last year, when domestic sales totaled R$ 300 million and exports, US$ 5.5 million.


The vice-president of the Federation of Industries of the State of Rio de Janeiro (Firjan), João Lagoeiro Barbará, recalled that the state of Rio is the country’s third largest clothing exporter, trailing Santa Catarina and São Paulo.


The sector experienced a 24% overall sales growth in the state in 2004 (US$ 7.7 million or 19.6 million reaus). This percentage surpassed the sector’s national average rate of export growth, which was 17.7%.


The first edition of Fashion Business, in February, 2003, generated domestic transactions worth US$ 61 million (150 million reaus).


The trend since then has been upward, attaining US$ 102 million (250 million reais) in January, 2005. Barbará said he expects that the 2005 edition will result in between US$ 143 million (350 million reais) and US$ 163 million (400 million reais) worth of business.


ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazilian Student Expelled for Wearing Miniskirt Sues to Be Reinstated

The case of a Brazilian student expelled from school for wearing a miniskirt after ...

Brazil’s Lula Has Best Regional Image, Bush and Chavez the Worst

George Bush and Hugo Chavez, the presidents of the United States and Venezuela, are ...

The Brazilian invasion of Atlanta

Gold rush In 100 years of participation in the Olympics Brazil never had it ...

Brazil’s Laundry List of Grievances Against the US

US Secretary of the Treasury Henry Paulson received a long list of complaints during ...

GDP Growth in LatAm: Argentina 7.3%, Venezuela 6%, Brazil 3.5%

Latin America will continue on its growth track and the regional economy should expand ...

Brazilian Investments Totalled 110 Billion in 2004

The investment projects announced by companies in Brazil in the second half of last ...

Not Just Sun and Sea: Brazil’s Northeast Brings Back Colonial Past

In the interior of Brazil's Northeast the expression "a moça ficou para o caritó" ...

Brazilian Women March for Abortion Right and End to Violence

Today, March 8, is International Women’s Day (IWD) (which can also be written Woman’s ...

Furniture Fair in Brazil Shows the Best World Has to Offer

The International Machines, Raw Materials, and Accessories Fair for the Furniture Industry – Fimma ...

Brazil’s Development Bank Lends US$ 14.8 Billion

The Brazilian Development Bank (BNDES) spent US$ 14.8 billion in loans last year. According ...