Ace Indonesia operator posts 13.5 per cent rise in sales ahead of split

Indonesia’s top home improvement retailer Ace posted a double-digit rise in sales in the nine months ending September 2024 - a feat which the company now touts as proof of its business sustainability and “superiority” as concerns over the end of its partnership with global brand Ace Hardware prevail.

PT Aspirasi Hidup Indonesia Tbk, formerly known as PT Ace Hardware Indonesia Tbk, reported sales of 6.115 trillion Indonesian rupiah (IDR, EUR 365.19 mio) for the three quarters, 13.5 per cent higher than its take in the same period the previous year. It attributed its solid performance to strong comparative sales, consistent expansion, and innovative business strategies.

For close to three decades, the company has been operating Ace Hardware stores in Indonesia, but this arrangement will cease on 31 December 2024. After a 29-year partnership, the Indonesian company, which is controlled by the…