Mar 24, 2011

Mitra Adiperkasa sets IDR350 bio capex

PT Mitra Adiperkasa Tbk sets IDR350 billion capital expenditure (capex) for the expansion of its outlets. The retail company seeks to establish more than 1,000 outlets in the end of the year from the current amount reaching 870 outlets.
The Corporate Secretary of Mitra Adiperkasa Fetty Kwartati said that such expansion includes the establishment of new outlets in several new cities such as Jayapura, Palu, Ambon, and Eastern Indonesia.
“In order to strengthen our brand portfolio, we have also added several new brands such as Payless ShoeSource, Bershka and Stradivarius, belonging to Inditex Group or the owner of Zara brand,” he said yesterday.

Disclosure: No position at the stock mentioned above.
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