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US private-equity company General Atlantic has made its first investment in Indonesia by buying into lifestyle retailer Mitra Adiperkasa (Map). It has subscribed for Rp1.08 trillion (US$80.5 million) in bonds issued by Map which are convertible into shares in…
Indonesian multi-brand retailer Mitra Adiperkasa is planning a foray into Sri Lanka, attracted by the opening economy and a growing middle class. Mitra Adiperkasa (MAPI) describes itself as a lifestyle retailer in its home market with retail businesses in the…
US mall-based youth fashion discounter Aeropostale has announced new partnerships in India and Indonesia. The company will open stores in India through a licensing agreement with Arvind Lifestyle Brands Limited, and in Indonesia through a licensing agreement…
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