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Designer brands fleeing from Argentina’s imports and exchange restrictions

Tuesday, October 9th 2012 - 00:03 UTC
Full article 73 comments

Kenzo, Louis Vuitton, Armani, Calvin Klein, Polo Ralph Lauren, Cartier are some of the designer luxury brands that have left or are leaving Argentina forced by the very strict import restrictions and money exchange controls. Read full article

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  • briton

    Come back,, come back,, she is only kidding,
    She aint nationalised you yet..
    Come back..
    .

    Oct 09th, 2012 - 12:10 am - Link - Report abuse 0
  • brit abroad

    “it’s an elite concern”.

    Precisely!!! So where will KFC buy her clothes?

    Oct 09th, 2012 - 12:31 am - Link - Report abuse 0
  • Bacilus Hypolite

    ”He suggested the labels were overrated and said their departure would have minimal impact on Argentina's economy and the average Argentine, “it’s an elite concern”.

    Are the Argentines really so off in saying this? This indeed does have a minimal impact on their economy, so I once again must question the editorial choices Mercopress undertakes when selecting their stories.

    2nd, it is an elitist concern, even for Europeans or people in the states. Most do not purchase Louis Vuitton bags.

    3rd, they are way overrated (by being way overpriced).

    Oct 09th, 2012 - 01:25 am - Link - Report abuse 0
  • Mrlayback

    This might not have much impact on Argentines purchasing these luxury items but this does have an effect on their jobs ! and surely this will have an impact on the amount of celebrities with endless pockets coming here to spend their dosh ! just imagine If other luxury companies decided to follow suit .......

    Oct 09th, 2012 - 02:28 am - Link - Report abuse 0
  • Bacilus Hypolite

    Somehow I doubt celebrities that are not Argentine or South America travel to Argentina to purchase Louis Vuitton. I suspect the do so in L.A, Paris, Miami, or Milan.

    Oct 09th, 2012 - 02:36 am - Link - Report abuse 0
  • Idlehands

    3 Bacilus Hypolite - a breathtaking display of economic ignorance. Designer labels fleeing Argentina is not the problem - it is one of hundreds of symptoms of the problem. While her politics may be different, CFKs economics seem to be coming directly from Kim Il Sungs book of Juche. That's gone well.

    Oct 09th, 2012 - 02:45 am - Link - Report abuse 0
  • Bacilus Hypolite

    @6

    I know, shocking that not all societies wish to be as self-destructive, materialistic, and vacuous as our beyond reproach Western culture.

    Oct 09th, 2012 - 02:56 am - Link - Report abuse 0
  • Idlehands

    Ah right - the best you can do is laud the antimaterialistic virtues of living like peasants. The trouble is that Argentines don't want to live like that.

    Oct 09th, 2012 - 03:14 am - Link - Report abuse 0
  • Bacilus Hypolite

    @8

    How would you know? Woudn't they vote for laissez-faire parties if so like they did in the 1990s?

    And you seem to find something fundamentally wrong in being a peasant. I don't get it.

    Oct 09th, 2012 - 03:19 am - Link - Report abuse 0
  • Idlehands

    The masses voted for the Kirchners because of the promised social benefits; not because they wanted rampant inflation, import bans, currency clamps and their savings wiped out. They've voted for one thing but got much more than they bargained for.

    Oct 09th, 2012 - 03:38 am - Link - Report abuse 0
  • Bacilus Hypolite

    Social benefits carry inflation, and anyone with a basic understanding of supply and demand knows it.

    Oct 09th, 2012 - 03:40 am - Link - Report abuse 0
  • Idlehands

    Love to hear the economic theory behind that gibberish?

    Oct 09th, 2012 - 03:52 am - Link - Report abuse 0
  • brit abroad

    @11 Argentina is going to tits! Nowt you can say can change it!

    Nothing wrong being a peasant, unless of course youve been made one by a third party!

    Oct 09th, 2012 - 03:55 am - Link - Report abuse 0
  • Bacilus Hypolite

    Social benefits lift the floor on demand, that otherwise would not exist. That naturally places a floor on inflation. The more the social benefits without commensurate productivity, the more you place a natural floor on inflation, since a guaranteed market is created as long as those benefits are distributed.

    Oct 09th, 2012 - 03:59 am - Link - Report abuse 0
  • brit abroad

    Hehe, Hypolite looked it up!!!

    Oct 09th, 2012 - 04:30 am - Link - Report abuse 0
  • MaxAue

    ”Tourism Minister Enrique Meyer's downplayed the impact of the luxury brands abandoning Argentina. He suggested the labels were overrated and said their departure would have minimal impact on Argentina's economy and the average Argentine, “it’s an elite concern”

    Bitter said the fox about the rowan berries :)

    Oct 09th, 2012 - 05:36 am - Link - Report abuse 0
  • ElaineB

    People living in Buenos Aires LOVE their designer brands, plastic surgery, personal psychologist and starving themselves thin. They have some of the highest levels of eating disorders, psychologists and plastic surgeons. I know people that save for months so they can buy that one designer item they can show off.

    But more than that, the proud people of Argentina believe they are the Paris of South America, the most sophisticated country of South America and a cut above. Losing the aspirational brands will be a blow. They are stylish and 'Italian' about their looks. I doubt they want to dress in gaucho-style, sturdy clothing.

    And the point is, their President will still be taunting them with her head-to-toe designer look. If dressing like a peasant is so wonderful, why does't she wear Made in Argentina clothing?

    Oct 09th, 2012 - 09:07 am - Link - Report abuse 0
  • Conqueror

    @11 The UK has social benefits. Lots of them. But it doesn't have rampant inflation. We don't have to pay £6 or £7 to get a dollar. And all those designer brands? We've still got them! And if it's so “unimportant”, why does your Tourism Minister feel a need to comment? As you know, it's called “damage limitation”. Like the people that tell you that they like their homes cold (refreshing), that they can see in the dark and that they've always thought that eating was vastly overrated!

    Oct 09th, 2012 - 11:00 am - Link - Report abuse 0
  • ChrisR

    To prevent overbearing competition aka as making TMBOA look the old hag that she is, this is what the Argies want their women to wear.

    Very fetching:
    http://www.telegraph.co.uk/news/religion/9328772/Saudi-women-turned-away-from-France-for-refusing-to-take-off-burkas.html

    Mind you I think TMBOA would look better in one herself.

    Oct 09th, 2012 - 11:07 am - Link - Report abuse 0
  • yankeeboy

    There was an article over the weekend comparing nice restaurants in BA to nice restaurants in Paris...and guess what...they're cheaper in Paris!

    It may just be imported purses and clothes stores closing up shop, what happens when it is the car mfgs?

    I think CFK may destroy the country's economy once and for all this time. Like a drunk, they need to reach bottom before any real changes can occur.

    Oct 09th, 2012 - 12:07 pm - Link - Report abuse 0
  • Clyde15

    #9
    “And you seem to find something fundamentally wrong in being a peasant. I don't get it”

    This is exactly what Sussie , her aliases and other Argie posters have been deriding the Falkland Islanders for. No style-no class !
    Make up your mind. Direct your question to them

    Oct 09th, 2012 - 12:13 pm - Link - Report abuse 0
  • Lau-wai

    They forgot to add that useless luxury brand called Hugo Boss, who closed their production facility with the loss of 300 jobs earlier this year. They also forgot to add Burberry, and that Adidas has run down production to a trickle...don't know if people were laid of or not...what about Nike?

    Oct 09th, 2012 - 12:15 pm - Link - Report abuse 0
  • ElaineB

    @20 I was in Paris the weekend before last. We had a lovely meal in a bistro with a good bottle of wine for under $100 for two. Then we ordered two whiskeys back at the hotel and it came to more than the meal. lol.

    Oct 09th, 2012 - 12:27 pm - Link - Report abuse 0
  • yankeeboy

    I wonder that the price of imported Scotch is in BA? They must be running out about now...

    Oct 09th, 2012 - 12:43 pm - Link - Report abuse 0
  • Leifur_Heppni

    Please Mercopress stop insulting Paris. BA is no Paris. Actually you can find all those luxury brands from Bogota Colombia too, still no one calls it the “Paris of Latin America” where did you get that??..Im pretty sure you can find them from any LM capital except BA ofcourse, haha..

    If any french was reading this they would be cursing like h*ll.

    In matter of fact i have met few french backpackers in Argentina and they all hated Argentina and called them arrogant(LOL) and architecture as ugly. Instead they all like Colombia.

    Oct 09th, 2012 - 01:38 pm - Link - Report abuse 0
  • Simon68

    The importance of this news is not that the designer brands are leaving Argentina, but the REASONS for them leaving Argentina. They leave because they can't import their own products, or the components of their own products.
    This is happening to the automative industry which employs somewhere in the region of 700.000 people. Since Moreno instituted the import controls the automative industry has let go over 16.000 workers!!!!!

    Oct 09th, 2012 - 03:15 pm - Link - Report abuse 0
  • yankeeboy

    26. Refusing to allow the cr mfg to send profits back to HQ, making importing difficult, ever rising costs, utility cuts, etc. Gives the car mfgs every reason to start to wind down operations and move them somewhere else. The internal Rg market is not big enough to bother mfging there so a move can't be too far off in the future.
    Then all Arg has in Soy
    and that is bad
    and it will take a
    generation to fix
    if ever.

    Oct 09th, 2012 - 03:30 pm - Link - Report abuse 0
  • Leifur_Heppni

    26. and 27. amen,,

    ..and the argies just stick on watching football, that's all they do and talk about. They will never do anything about this situation. They don't have the brain capacity nor the will. KFC will be re-elected just like Chavez, or someone from her gang.

    Oct 09th, 2012 - 04:30 pm - Link - Report abuse 0
  • Mother Theresa

    @28

    Why the use of calumny my child?

    Oct 09th, 2012 - 05:40 pm - Link - Report abuse 0
  • adorable

    Isolde is making a lot of overtime work this week taking Simon68 place....hehehe

    Oct 09th, 2012 - 05:43 pm - Link - Report abuse 0
  • Conqueror

    @29 Are you another sussie clone? Was it the similarity in the face?
    @30 This is definitely sussie. Guess how we can tell? NO STYLE!!

    Oct 09th, 2012 - 06:23 pm - Link - Report abuse 0
  • Gabriela Sabatini

    #28 ... Well they would not be watching Colombian football right? Or tennis. Who would.

    Oct 09th, 2012 - 06:28 pm - Link - Report abuse 0
  • toooldtodieyoung

    19 ChrisR

    Ok, OK!! 'fess up now!! I've been trying to work it out for weeks now and I can't.

    what does TMBOA mean?

    Oct 09th, 2012 - 07:04 pm - Link - Report abuse 0
  • Leifur_Heppni

    @28 in my country no one watches 'soccer' it's all ice-hockey etc..

    We are multiple time world champions.

    I find soccer quite gay sport. My brothers girlfriend plays soccer. I think its for girls and who watches tennis? another deporte marica

    Oct 09th, 2012 - 07:41 pm - Link - Report abuse 0
  • briton

    Things must be really bad, when even the pound land, wont go there..

    Oct 09th, 2012 - 07:43 pm - Link - Report abuse 0
  • adorable

    @31 Conqueror/Captain Poppy

    hihihi.....the UK tem don't have any style....rubbish bloody idiots!

    Oct 09th, 2012 - 07:49 pm - Link - Report abuse 0
  • Leifur_Heppni

    my response was to @32 Gabriela Sabatini

    in my country no one watches 'soccer' it's all ice-hockey etc..

    We are multiple time world champions.

    I find soccer quite gay sport. My brothers girlfriend plays soccer. I think its for girls and who watches tennis? another deporte marica.

    Oct 09th, 2012 - 08:08 pm - Link - Report abuse 0
  • ChrisR

    33 toooldtodieyoung

    The Mad Bitch Of Argentina (TMBOA) © ChrisR :o)

    Oct 09th, 2012 - 08:20 pm - Link - Report abuse 0
  • Leifur_Heppni

    17 ElaineB (#) that's a good post!

    Argentina is second in anorexic statistics in the world.

    In addition, there are more psychologists per persona than in any other country:
    http://online.wsj.com/article/SB125563769653488249.html

    Also, there are 4 lawyers per 1 engineer in universities. Now how's that for a crazy country?

    in Spañish:
    http://online.wsj.com/article/SB125563769653488249.html

    Oct 09th, 2012 - 08:38 pm - Link - Report abuse 0
  • adorable

    @17 Elaine
    A few months ago Mercopress announced that Bs.As. has the most beautiful women (#4 after New York City). That means a lot!
    Designer clothes are only for some people only....and don't beleve the average argentinian will buy certain clothes just to “show off”...
    In Argentina anyone can have clothes made by a dressmaker or buy argentine made clothes...
    The real problem for clothes is here in the USA where nobody cannot find extra large size clothes for fat women and for fat men ....or find any competent psycologists to find a solution for them to stop eating...food overeating is the latest addiction the average USA citizen is suffering....

    Oct 09th, 2012 - 10:18 pm - Link - Report abuse 0
  • Ayayay

    @23 Elaine
    sounds nice (:

    Oct 10th, 2012 - 07:14 am - Link - Report abuse 0
  • ElaineB

    My point is that people will care very much that the brands are leaving. It might be the smaller picture, but it is significant that their capital city is being downgraded. Argentines are proud people.

    @41 It was. : ) Paris is beautiful, elegant and well groomed; like the Parisians.

    Oct 10th, 2012 - 08:13 am - Link - Report abuse 0
  • yankeeboy

    42. My first trip to BA my Rg friends took me to Recoleta to show off the Emporio Armani, Ralph Lauren etc. to prove to me they wre part fo teh 1st world. I was not impressed. What I did notice is that USA/Japan sent prior seasons clothes to SA since they're reversed now I wonder what they will do.
    This is a big blow to their pride, even though most of the population is too poor to buy, much less to be let into the stores, it will grate on their self esteem.
    It is hard to call BA a world class city without decent shopping.

    Oct 10th, 2012 - 01:29 pm - Link - Report abuse 0
  • ElaineB

    Yes, Argentines did the same with me. lol I was more polite and made appreciative noises. : ) My Argentine friends that have travelled understand it is just usual in most countries. I think Santiago has all the designer shops so Argentines will have to spend their money there to get their trophy items.

    Did you notice that all the advertising there shows western traits? European models and western aspirations.

    Oct 10th, 2012 - 02:13 pm - Link - Report abuse 0
  • yankeeboy

    I am very good friends with one of the top designers in Argentina. He told me he has basically moved all production and marketing to Brazil because there is no fabric available,he closed his retail store because sales are dead!

    It is a mess there and it will take a long long time to fix it. I would love to buy the house where RL used to be in Recoleta. I have not seen it come for sale yet though.

    Oct 10th, 2012 - 02:44 pm - Link - Report abuse 0
  • ElaineB

    On Alvear? There are some beautiful houses there. Probably best to wait a bit because the nice houses were targets for looting last time. But were cheap to pick up when the violence died down.

    Oct 10th, 2012 - 02:47 pm - Link - Report abuse 0
  • yankeeboy

    Yeah I lived very near there last time, I was able to buy some gorgeous condos very cheaply luckily I sold them all by 2005. People were so desperate for U$ I got some great bargains.
    This next crash is going to be a doozy. I am sure I have plenty of time to get a good deal.

    Oct 10th, 2012 - 03:04 pm - Link - Report abuse 0
  • ElaineB

    Yes, I know some people that bought up similar bargains and sold them at profit. They kept one amazing apartment that they rent out now. A bit too big for my needs, but stuffed with antiques.

    I am not at all tempted to buy in Argentina at any price. I might look at somewhere else in SoAm.

    Oct 10th, 2012 - 03:07 pm - Link - Report abuse 0
  • yankeeboy

    I should have kept one in BA but hindsight is 20/20.

    I have some extended family there that will probably end up homeless this next crash so my motives are not for profit.

    Last time I was buying their food through discovirtual.

    Oct 10th, 2012 - 03:16 pm - Link - Report abuse 0
  • ElaineB

    I do worry about my friends there but I also know they will find ways to survive. Some have made more than the usual number of visits to Uruguay over the last year.

    Oct 10th, 2012 - 03:46 pm - Link - Report abuse 0
  • yankeeboy

    With something in their shoes perhaps? :)

    I've already gotten the baby needs new shoes call....and these are middle class one is a pharmacist that owes a few shops and the other is s chemical engineer! They're trying to figure out how to pay for school.

    The youngest brother is in real estate, against my advice, and now is back waiting tables ( he's the one who's kid needs new shoes).

    Their family went from owning chemical factories, multiple houses in the 90s, lost it all and now are trying to figure out how to survive. These horrible, terrible no good succession of governments have destroyed the middle class.

    Oct 10th, 2012 - 04:10 pm - Link - Report abuse 0
  • Geh_kacken_Inselaffe!

    23#

    Was für eine Nutte bist du? Ist deine Unsicherheit so tief, dass du hier musst, deine fantastischen Märchen von Urlauben in Paris zu erzählen? 200 Euro hast du in einer Nacht ausgegeben? Hattest du das gemusst?

    Hoffentlich wirst du begreifen, das stinkt wie jemand, der die Aufmersamkeit ständig sucht.

    Excuse me, mine Englisch.. but what for a crazy street women are you? Is your insecurity so deep, that you here must to tell your fantastich stories of trips to Paris? Spend 200, you had to say this?

    You need to realize you smell like some person, that look permanently for the attention.

    Oct 10th, 2012 - 04:33 pm - Link - Report abuse 0
  • yankeeboy

    52. That is a very bad German translation Toby er Sybil. BTW EVERY single German person writes very good english without having to play this farce.

    Gosh aren't you tired of embarrassing yourself?

    Go play in the yard the grown up are talking!

    Oct 10th, 2012 - 05:00 pm - Link - Report abuse 0
  • briton

    we smell another argie rat..

    Oct 10th, 2012 - 05:16 pm - Link - Report abuse 0
  • yankeeboy

    http://tn.com.ar/envivo/especiales

    Look at how nice peaceful Buenos Aires is today...

    Oct 10th, 2012 - 05:49 pm - Link - Report abuse 0
  • Simon68

    52 Geh_kacken_Inselaffe! (#)
    Oct 10th, 2012 - 04:33 pm

    Tobias, your nick gives you away!!!!!!!

    Oct 10th, 2012 - 05:51 pm - Link - Report abuse 0
  • Geh_kacken_Inselaffe!

    @55

    You believe not in freedom of expression so? I only observe people standing and chanting. Typical totalitarian US-amerikaner.

    @56

    What?

    Oct 10th, 2012 - 05:56 pm - Link - Report abuse 0
  • yankeeboy

    Totalitarian US-American...that is incongruous. We have never had a totalitarian regime in the USA.

    Totalitarian Peronism> Kirchner Totalitarianism yeah those work.

    If you think that is peaceful you are definitely not German.

    Toby, Germans don't make the terrible grammatical errors you have been making when they speak/type English.

    Oct 10th, 2012 - 06:00 pm - Link - Report abuse 0
  • Geh_kacken_Inselaffe!

    You are a totalitatiran nation you crush Labor unions, you opress races, and you torture detained prisoners.

    Everyone in Europe agrees with this mind and you already know.

    Your kommentary was that of typical totalitarian US-amerikaner.

    Oct 10th, 2012 - 06:02 pm - Link - Report abuse 0
  • yankeeboy

    Toby, You must be the luckiest person in the world going from an African to a German in less than 4 hours! Wow what a record!

    Get your lithium back on track.
    You are even dumber when you are off your meds.

    Oct 10th, 2012 - 06:08 pm - Link - Report abuse 0
  • Geh_kacken_Inselaffe!

    “You must be the luckiest person in the world going from an African to a German in less than 4 hours”

    Another in herent racist view. You just undertook that becoming from African to German is a lucky outcome.

    Oct 10th, 2012 - 06:10 pm - Link - Report abuse 0
  • yankeeboy

    BTW in most peoples view FIRE in the streets is not peaceful.

    Someone speaking at the PROTEST right now is listing all the industries that are currently failing...you may want to listen so you are up to date.

    MAybe you should ask your other personality if they prefer to be German or African and get back to me. Do they talk to each other like on United State so Tara? Should we call you Tara next?
    Silly silly boy

    Oct 10th, 2012 - 06:15 pm - Link - Report abuse 0
  • Geh_kacken_Inselaffe!

    No I questioned you, why do you think African (not a nationality) is a lower form of lifeunit?

    Oct 10th, 2012 - 06:17 pm - Link - Report abuse 0
  • yankeeboy

    Does Christina hide in Olivos when they are protesting outside of Casa Rosada?
    I think so

    What did your other personality tell you. Stop being black let's try german maybe they will believe me then,
    No you are just a filthy corrupt undereducated Argentinian and that will never change.
    If you don't' accept what you are now your are doomed to a life of bitterness and disappointment like THINK.

    Oct 10th, 2012 - 06:21 pm - Link - Report abuse 0
  • Geh_kacken_Inselaffe!

    Ich sehe nur einen racistischen Menschen. Tut mir leid.

    Oct 10th, 2012 - 06:24 pm - Link - Report abuse 0
  • yankeeboy

    Please post your comments in your fake German broken English. Anything else is against the rules.

    Do you make up these personalities or do they just show up and take you over?

    Oct 10th, 2012 - 06:36 pm - Link - Report abuse 0
  • Putain_je_sens_rosbif

    The allemanish said to you he sees in you a racist man.

    je crois qu'il a raison et je pense que tu a des problèmes mentaux.

    I think what he is right and I think you have problems of the mind.

    Oct 10th, 2012 - 06:40 pm - Link - Report abuse 0
  • yankeeboy

    Toby I can use a translate engine as well as anyone I don't need you to create another character.
    Aren't you bored?

    Oct 10th, 2012 - 06:56 pm - Link - Report abuse 0
  • i_Brittunculi

    Ma que cosa e questo? Gli americani me dispiace molto.

    Americans must believe that Europeans are only capable of one language like themselves only are.

    Oct 10th, 2012 - 06:59 pm - Link - Report abuse 0
  • yankeeboy

    boring child.

    Oct 10th, 2012 - 07:24 pm - Link - Report abuse 0
  • Clyde15

    #59
    “everyone in Europe agrees with this mind and you already know.”
    No, they don't agree with you. If it had not been for the Americans post WW2, Europe would have been a Russian colony.
    Europeans , especially Germany, owe them a debt of gratitude.

    Here we go again ! Argentinian pseudo German. Are they so ashamed of their country that they have got to hide behind made-up nationalities and speak like a character out of a Monty Python sketch. I especially like the substitution of the letter K instead of C.

    Sounds like a Nazi in a 1950's film. “Ve haf ways of making you talk schweinhund ” Of course, he could have learned German from his relations when they fled from the Fatherland in 1945.

    Oct 10th, 2012 - 07:52 pm - Link - Report abuse 0
  • briton

    like that film
    one of our brain cells are missing,
    in argies case all of them.

    Oct 10th, 2012 - 07:55 pm - Link - Report abuse 0
  • yankeeboy

    71, Considering Toby has never left Argentina, his only reference to the way Germans speak are movies where the USA is making fun of nazis.

    http://www.youtube.com/watch?v=34ag4nkSh7Q&feature=related

    Oct 10th, 2012 - 08:14 pm - Link - Report abuse 0

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