JAKARTA. PT Mitra Adiperkasa Tbk (MAPI), a specialty retailer that houses a number of well-known brands, has presented Kaja Beauty from South Korea through Sephora stores in Indonesia.

Kaja will be available exclusively at all Sephora outlets, starting mid-March 2024.

MAPI management said that the presence of Kaja Beauty will add variety to the cosmetics industry in Indonesia. In addition, this brand is believed to answer the high demand for high-quality international brands in Indonesia.

"MAP's commitment to bringing leading beauty brands to consumers will continue to shape the retail market in Indonesia, and offer a blend of luxury and accessibility," wrote MAPI Management, in its official statement.

According to idnfinancials.com data, MAPI's share price in today's trade closed down 0.55% or 10 points to the level of IDR 1,815 per share. Since the beginning of this year, the company's share price has decreased by 4.22% or 80 points. (KR/LM)