Brazil, the new China

The momentum for Brazil as an emerging luxury market has been building for some time now. And in 2012, 30 high-end brands are set to open stores there, according to Forbes magazine, including Prada, Dolce & Gabbana and Fendi. With the debt crisis continuing to dog Europe, that makes Brazil a bright spot for fashion. When luxury brands started looking to China for business opportunities, designers also looked there for inspiration. Maybe we'll see the enthusiasm for Brazil turning up on the runway too. Samba style anyone? Pictured is a Brazilian Samba dancer.
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( Dario Lopez-Mills / AP photo )

The momentum for Brazil as an emerging luxury market has been building for some time now. And in 2012, 30 high-end brands are set to open stores there, according to Forbes magazine, including Prada, Dolce & Gabbana and Fendi. With the debt crisis continuing to dog Europe, that makes Brazil a bright spot for fashion. When luxury brands started looking to China for business opportunities, designers also looked there for inspiration. Maybe we'll see the enthusiasm for Brazil turning up on the runway too. Samba style anyone? Pictured is a Brazilian Samba dancer.

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