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Louis Vuitton, Hublot favorite luxury brands for Indonesians

Jessicha Valentina
Jessicha Valentina

The Jakarta Post

Jakarta  /  Sun, December 11, 2016  /  11:06 am
Louis Vuitton, Hublot favorite luxury brands for Indonesians

Louis Vuitton outlet located at New Bond Street, London. Louis Vuitton is said to be the most sought-after luxury brand among Indonesians. (Shutterstock/Vladislav Gajic)

Research conducted by luxury marketplace Maxuri has revealed Louis Vuitton and Hublot as the two most favorite luxury brands among Indonesians, especially in big cities like Jakarta, Bandung, Surabaya, Medan and Makassar.

Announced during a Maxuri event in Central Jakarta, on Wednesday, the research also named Fendi, Prada and Omega as the other brands in the top-five list.

Maxuri director and co-founder Sophie Gorecki said Indonesia was the third-most luxury consuming country in Asia Pacific.

(Read also: Indonesia home to Asia's largest online luxury goods sales: Report)

The company's CEO Andy Roberts added that Asia currently had the largest population of private wealth worldwide, bigger than the United States and Europe, leading to the expansion of luxury good market. "In the year 2020, 12 percent of luxury goods will be bought online."

Launched in February, Maxuri aims to cater to the demand for luxury products, such as handbags, watches, yachts, property and more.

In addition to the aforementioned items, the website also offers a concierge service, which is designed to cater to personal needs and preferences, and content, which allows users to get the latest updates related to luxury goods. (kes)