Retail in Asia

In Shops

Indonesia’s MAPI plans to add 300 stores

Publicly listed retailer PT Mitra Adi Perkasa (MAPI), with more than 100 international brand licenses, plans to allocate IDR600 billion (USD662.9 million) in capital expenditures to catalyse a 25 percent increase in their brand portfolio this year.

The Indonesia-based retail company plans to add between 250 and 300 more stores – for both the current brands in their portfolio and future acquisitions – to their existing 1,057 stores as of the end of January.

This year’s expansions follow on the heels of a 42,000-square-meter expansion last year, which enabled the retailer to augment the number of their stores by approximately 190 outlets.