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Indonesian authorities closed three Jakarta Tiffany & Co stores Feb. 11 over suspected import violations.
Indonesian authorities sealed three Tiffany & Co stores in Jakarta on February 11 over suspected import violations, citing undeclared high-value goods.
The closures, carried out by the Directorate General of Customs and Excise, are part of a broader enforcement effort under President Prabowo Subianto’s administration to combat illicit trade and protect domestic industries.
Finance Minister Purbaya Yudhi Sadewa confirmed the action, stating that non-compliant businesses face shutdowns and that inspections are ongoing to verify import documentation.
The move reflects intensified scrutiny of luxury imports, with potential penalties if violations are found.
LVMH, which owns Tiffany & Co, has not responded.
Las autoridades indonesias cerraron tres tiendas de Tiffany & Co en Yakarta el 11 de febrero por sospechas de violaciones a las normas de importación.