To bank or not to bank…?

One of the things that always surprises me in Uruguay is how monetised the economy is. Basically, cash is king. Without going into an analysis of retail banking penetration (let me recommend you some recent research by BBVA here), just by talking to people, you can...

Uruguay: my new (old) country

Hello from sunny Uruguay! This is our first blog from our new location in South America and it compiles random yet useful (I hope!) reflections from my recent move back to Montevideo, after 13 years of living in the UK. These thoughts are particularly aimed at British...

Clarks Shoes in Uruguay – step by step

A few weeks ago Clarks Shoes, one of Britain’s most iconic brands (who hasn’t owned a pair?) announced the launch of the brand in Uruguay. Interestingly, not through a distribution model or through their own store. As we have emphasised in our blog, Latin America...