PT Matahari Department Store Tbk  (“Matahari” or “Company”)

PT Matahari Department Store Tbk (“Matahari” or “Company”) has a deep legacy in Indonesian retail. Beginning its journey on October 24, 1958 with the opening of its first outlet, a children’s fashion store, in Jakarta’s Pasar Baru district, Matahari went on to open Indonesia’s first modern department store in 1972. Since then, Matahari has established itself as a truly national
brand.

It currently operates 153 stores in 76 cities across Indonesia, with a total retail space of almost one million square meters and has a growing online presence through MATAHARI.COM.

Drawing on its 61-year history, Matahari is enabling Indonesian families to look and feel good by providing an unbeatable selection of the latest fashion trends, as well as beauty products and homeware, showcased in its modern,  friendly stores as well as its online platform, MATAHARI.COM. Matahari is very proud of its support to the Indonesian economy, employing more than 40,000 people and partnering with around 700 local suppliers, as well as international suppliers. 

Matahari’s exclusive brands have repeatedly been voted as Indonesia’s favourite fashion brands, and are sold only in the Company’s stores and MATAHARI.COM. The Company has also received numerous national and international industry awards for all aspects of the business, reflecting its standing as one of Indonesia’s most dynamic and trusted companies, inter alia 3rd place among Indonesian retailers in the Top 500 Retail Asia Pacific from Retail Asia, Euromonitor & KPMG; Brand Asia 2018 – Top 3 Most Powerful Retail Brands in Indonesia from Nikkei BP Consulting, Inc. and WoW Brand Award 2019 – Gold Champion from MarkPlus Inc. The Company also received the Netizen’s Brand Choice Award 2018 from Warta Ekonomi. All of these awards reaffirm the Company’s position as one of the leading, most dynamic, and trusted companies in Indonesia.