Trendsetters and lutists ought to have their eyes on Indonesia, according to Luxury Society. The luxury authority is reporting that Indonesia is positioned to become the largest luxury market in Southeast Asia over the next few years.
Ravi Thakran, LVMH's head for South Asia, Southeast Asia and the Middle East tells Luxury Society that Indonesian consumers currently buy their goods mostly from Hong Kong and Singapore, but the political stability in Indonesia and improving retail infrastructure will help boost the country's luxury sector.
LVMH has plans to open approximately 20 new cosmetic stores in Indonesia, along with a flagship Fendi store.
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