MAPI – F&B brand acquisition and partnership with Ace International

MAPI – F&B brand acquisition and partnership with Ace International Mitra Adiperkasa (MAPI) has signed an agreement with Ace International to bring Ace Hardware stores to Indonesia. MAPI also acquired Toast Box in April 2025 and all GS Supermarket outlets in Indonesia in June 2025 to strengthen its F&B and grocery retail segments. Meanwhile, MAPI launched Vivaia in Thailand in June 2025 to expand its specialty fashion segment. The company does not plan for regional expansion due to global and domestic macro challenges, but instead will focus on expanding its high-class brand portfolio, which is expected to improve margins in 2H25. Note that, MAPI recorded revenue of IDR19.6 tn (+8.7% yoy) and net profit of IDR960.9 bn (+6.8% yoy) in 1H25. (Source : Investor Daily)