PT Matahari Department Store Tbk, commonly known as Matahari, is the largest retail platform in Indonesia with stores located across the country and online presence on Matahari.com.[1]
History
The Company was established on October 24, 1958, with the opening of a children's fashion store in Jakarta's Pasar Baru district; the first proper Matahari outlet was opened in 1972, considered as the first modern department store in the country.
Since July 14, 2021, the majority and controlling shareholder of Matahari Department Store Tbk has changed to Auric Digital Retail Pte. Ltd. Meanwhile, Multipolar remains one of the main shareholders. The rest are other investors. Currently, Matahari operates 140+ outlets in nearly 80 cities throughout Indonesia.
Latest Updates
Matahari is focused on strengthening its exclusive brand portfolio, which includes SUKO, ZES, Nevada, Connexion, COLE, and Little M, to appeal to dynamic Indonesian consumers. The company offers a curated range of fashion and lifestyle products across a large network of over 140 stores in nearly 80 cities, complemented by digital platforms like Matahari.com.[2]