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.
(Source: The Jakarta Post)