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Your email address will not be published.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 Group Builds Factory for New Jeep

The idea of a group of businessmen from the southern Brazilian state of Santa ...

Brazil’s Small Businesses Grow Modest 1.9% in 2005

The year of 2005 was, on average, positive for micro and small companies in ...

Brazil’s Dictatorship: It All Started with a Referendum

The proposed division of the state of Pará in northern Brazil into three states ...

Brazil’s Petrobras Profit Is Up, But Its Stocks Go Down

Brazilian and Latin American stocks weakened on profit taking, this Monday, after Brazilian, Mexican ...

Brazil to Get Record Sugarcane Crop

The production of sugarcane in Brazil for the 2006/2007 crop is expected to be ...

Spain’s Premier: “Brazil Has Gained the Future”

The Spanish Prime Minister, José LuÀ­s Rodriguez Zapatero, affirmed today that Spain is “the ...

US Congress Moves to Strip Brazil of Developing Country Status

The American Conservative Union (ACU) today announced on behalf of its one million members ...

Brazil Gafisa's Wilson Amaral de Oliveira rings NYSE opening bell

Gafisa Becomes 32nd Brazilian Company to Join NY Stock Exchange

Brazilian Wilson Amaral de Oliveira, CEO of Gafisa S.A., a leading homebuilding company in ...

Cheap Dollar Makes Electronics Imports Grow 36% in Brazil

A study by the National Association of Manufacturers of Electronic Products (Eletros) shows that ...

Led by Mineral Extraction, Brazilian Industry Is Pulling Economy Up

Industry was one of the main bases of growth for the Brazilian Gross Domestic ...