VOICED: Argentina pierde marcas de lujo

Luxury brands are increasingly closing their stores on Alvear Avenue in Buenos Aires due to import restrictions imposed by the Argentine government. This trend is concerning for local merchants and could negatively impact the local luxury market. Some brands, like the CEÑA group, have found ways to navigate these restrictions by exporting goods to balance imports. The departure of international brands could hinder the growth of the local industry, which could benefit from the presence of these brands to raise quality standards.

What is the main reason for the increasing vacancy on Avenida Alvear?

• The expansion of the avenue

• The increase in local brand stores

• The closure of luxury brand stores

• The rise of online shopping

Why are luxury brands leaving Argentina, according to the transcript?

• Due to high local taxes

• Because of import restrictions

• Because of competition from local brands

• Due to a lack of consumer interest

What impact does the departure of luxury brands have on the local industry?

• It encourages more international brands to enter

• It boosts local brand sales

• It harms the local industry

• It has no impact

How is the group CEÑA managing to continue operations despite import restrictions?

• By reducing prices

• By partnering with local brands

• By opening more stores

• By exporting local products

What is the current state of luxury on Avenida Alvear?

• It remains unchanged

• It is expanding rapidly

• It is thriving with new brands

• It is diminishing