Article: ARGENTINA'S LUXE BOOM.

Byline: Sabrina Mauas

BUENOS AIRES - With a rapidly expanding economy, increasingly wealthy Argentines have a growing taste for fashion and luxury. And major brands are beginning to take notice.

While still small in the global scheme of things, more and more major brands are opening here to tap into the demand. Although only an estimated 5 percent of Argentina's population of 40.3 million can afford luxury goods, the democratization of fashion has reached the middle class and people are willing to go into debt to afford a more luxurious lifestyle.

An example of this trend is the car market where, out of 440,000 units sold in 2006, 5,000 ...

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