Just Released: "Luxury Goods in Indonesia"
Luxury goods sales continue to grow in Indonesia, with sales being fuelled by rising purchasing power among upper middle to high income groups. Once catering to a highly niche consumer market, luxury goods are increasingly affordable for a growing number of people in Indonesia and are more and more a part of everyday life. Coupled with Indonesians' craving for prestige and interest in fashion, luxury goods has a competitive advantage over more affordable alternatives.
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