Top Argentina CEOs to Heap Praise on Milei at Patagonia Retreat
- Elsztain will host president at exclusive Bariloche event
- IRSA starting construction on biggest project in its history
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Eduardo Elsztain is bracing for sales to suffer at his shopping malls amid triple-digit inflation that’s crushed consumer spending. Yet four months into Javier Milei’s presidency, the real estate mogul is more bullish on Argentina than ever.
A former business partner of George Soros, Elsztain warned in his latest earnings release that fewer patrons are expected at his properties as Argentines’ buying power tanks. But he’s marching forward with the construction of multiple projects this year, including the biggest in his three decades at the helm of IRSA Inversiones y Representaciones SA.