Volkswagen: Opening a side business in Brazil

According to this report Volkswagen is opening a side business in Brazil.

A group of companies, led by entrepreneurs Samuel Goldstein and Ricardo Bellino the man who brought Elite Models and Donald Trump to Brazil, intends to break the barriers and unite the trade borders between the U.S. and Brazil, and also with Japan and Europe in the near future.

Along with Ponto Frio, (a fast growing chain of home-appliances/electronics chain of stores), Tenda, (the largest real state contractor focused on the low-income target), and automobile manufacturer Volkswagen, Bellino will launch Casas Brasileiras,

It’s a US$ 15 Million initial investment in a chain of stores in the US that will allow the Brazilian immigrant to buy anything from electronics to a house for his future use or for their relatives back home. “Our goal is to open 10 stores and gross one billion dollars yearly within the next five years” says Bellino.

Related news: GermanCarBlog, P4MR, Volkswagen

Source: Juan Tornoe

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