2018 Opened 3 new Matahari stores and 8 Speciality Stores
As at the end of 2018, Matahari has 160 stores in 75 cities across Indonesia
• Collaborates with 361° International to become its exclusive retailer.
• Opens three 361° specialty stores.
• Relaunches the MATAHARI.com mobile app.
• Relaunches Mataharistore.com as MATAHARI.com.
• Pays a cash dividend amounting to Rp1.3 trillion, or 70% of the net profit.
• Announces the share buyback program.
• Launches Whiteberry - Style & Comfort Lingerie, our newest intimate exclusive brand.
• Purchases land in West Java for the development of a multi-purpose distribution facility.
• Continues to collaborate with local talents and celebrities on enhanced merchandise offerings.
2017 Opened 7 new Matahari stores and 1 Nevada store.
As at the end of 2017, Matahari has 155 stores in 73 cities across Indonesia and 1 online store, MatahariStore.com
• Matahari signed a multi-year Direct to Retail (DTR) agreement with Disney.
• Collaborated with local talents and celebrities to enhance our merchandise offerings (for examples: Naura-Neona,
Indonesia Fashion Forward (IFF) designers)
• Simplified our loyalty Matahari Rewards into 2 tiers and enhanced the benefits offered.
• Matahari presents its new tagline “Feel Good” to realize its commitment to give pleasant shopping experience for
all of its customers
• Established a new 100% subsidiary company, PT Matahari Nusantara Logistik, which focus in providing logistics &
transportation services
• The cash dividend distributed amounted to Rp 1.4 trillion or 70% from net profits.
• Completed the last investment tranche in Mataharimall.com, thus bringing the stake ownership to 19.62% by the end
of December 2017.
2016 Public ownership in Matahari reached 82.52%.
• Matahari cooperated with BCA to launch a co-branded BCA-Matahari credit card.
• The MatahariApp #StylishYou mobile application was introduced to the public.
• Matahari launched MatahariStore.com, the digital platform of Matahari Department Store, to reach underserved
markets across Indonesia.
2015 Matahari signed a cooperation agreement with MatahariMall to sell Matahari’s exclusive brands on its e-commerce platform.
• Matahari took up a share option in PT Global Ecommerce Indonesia (GEI), the parent entity of MatahariMall.
• ACC further sold its shareholding in Matahari, and the percentage of public ownership increased to 79.52%.
2014 The percentage of publicly owned shares in Matahari increased to 65.34%.
2013 A share offering by ACC and PT Multipolar Tbk resulted in an increase in Matahari’s public float from 1.85% to 47.35%.
2011 MI and Matahari merged, with Matahari as the surviving entity.
2010 Matahari was acquired by PT Meadow Indonesia (MI), a subsidiary of Asia Color Company Limited (ACC). Both MI and ACC were indirectly majority owned by CVC Asia Fund III.
2009 PT Pacific Utama Tbk, an affiliate of MPP, acquired Matahari Department Store Division
allowing Matahari to become a stand-alone public company, trading as PT Matahari Department Store Tbk (Matahari; stock code; LPPF).
2008 Matahari opened 6 department stores, including 3 stores whose New Generation concept embodied the best in modern department store design.
2000 Matahari launched the Matahari Club Card (MCC),
which has now grown to be one of Indonesia’s largest customer loyalty programmes.
1997 Multipolar became the main shareholder of MPP.
1992 Matahari Putra Prima (MPPA) conducted an initial public offering on the Jakarta Stock Exchange and the Surabaya Stock Exchange,
which made MPPA a public company.
1986 PT Matahari Putra Prima Tbk (MPP) was established.
1980 Matahari opened its first store outside Jakarta, in Bogor.
1972 Matahari pioneered the modern department store concept in Indonesia.
1958 The first company store opened on October 24 and was managed by Mr. Hari Darmawan.
The two-storey high building, measuring 150 square meters, was located in Pasar Baru, Jakarta.