MAPI – New partnership with Flying Tiger Copenhagen

MAPI – New partnership with Flying Tiger Copenhagen Mitra Adiperkasa (MAPI), a multi-channel branded commerce retailer, is boosting its retail services through a new collaboration with the Danish brand, Flying Tiger Copenhagen. The opening of the third Flying Tiger Copenhagen store at Grand Indonesia Shopping Mall aims to reinforce MAPI's commitment to offering more lifestyle products to the upscale market it targets. With over 3,000 retail outlets across 80 cities in Indonesia, including department stores like Sogo, fashion brands such as Zara, and sports outlets like Sport Station, MAPI reported a 26.41% yoy revenue increase to IDR23.79 tn by September 2023. Thus, without one off-gain in 2022, MAPI's profit grew by 18.4% yoy to IDR1.48 tn but net margin contracted due to higher opex yoy. (Source: Kontan)