New luxury openings in Jakarta, Indonesia
Prada will be the third international luxury brand to directly operate in Indonesia (after Louis Vuitton and Dior), with the first store in Indonesia planned for opening this Fall, within the Plaza Indonesia Mall in the heart of Jakarta. Fendi, Max Mara and Michael Kors are also due to open stores in Jakarta, both within the Senayan Plaza Mall, by the end of this year. For Fendi and Max Mara, these will be their second stores in Jakarta, each with a previous store at Plaza Indonesia Mall. For Michael Kors, this opening will be the market entry into Indonesia. Fendi, Max Mara and Michael Kors mono-brand stores will be operated in franchising by local partners.
French premium department store Galleries Lafayette has announced plans to open store on three floors by mid 2013, within the Pacific Place Mall. The Galleries Lafayette Department Store in Jakarta will be operated in franchising by a local investors.
Montblanc will expand its store size by Fall at its existing store at Senayan Plaza Mall, while Vertu is expected to open a new mono-brand by the end of the year, also at Senayan Plaza Mall. The Time Place, the leading luxury watches retailer in Indonesia will open a new concept store at Senayan Plaza Mall, with dedicated corners for several top brands, including one for Hermes watches.