Indonesia is Southeast Asia’s largest economy, and among the world’s fastest growing. Indonesia’s burgeoning appetite for imported products, whether ice cream or skin care, has created a strong modern retail sector. Major modern retail players are estimated to be growing at 30% per annum. Also, the South East Asia region accounts for more than half of the luxury goods market in the world within a decade, driven by rapid growth in household incomes. Western luxury firms are advised to increasingly tailor their business plans towards countries like Indonesia, Malaysia and Thailand.
Keeping all this in perspective, Noppen Co. Limited hosted the South East Asia Retail Expansion Summit on 22nd – 23rd January, 2014 at The Intercontinental Midplaza in Jakarta, Indonesia.
The Summit shed light on Indonesia’s ever growing retail industry,impact of Online shopping and Asia’s investment climate and examining investment opportunities of private equity in the retail industry