Pursuits
Miami’s Loss Is Iguatemi’s Gain as Brazilians Shop at Local Mall
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Brazilians who once flew to Miami to buy Louis Vuitton purses and Chanel dresses are spending their weakened currency at home in a gain for luxury mall operator Iguatemi Empresa de Shopping Centers SA.
“That income stays here now, and that helps,” said Chief Executive Officer Carlos Jereissati.