Matahari ("Company"; stock code: "LPPF") wishes to address recent rumors circulating about our store closures. We believe in transparency and wish to clarify our position to ensure accurate and responsible reporting.
As previously announced, Matahari is undertaking a strategic optimization of its store portfolio. This involves the closure of select underperforming stores and the opening of new ones in high-traffic areas, as part of our commitment to delivering the best retail experiences for our customers. These decisions are made following a comprehensive evaluation process, in line with our long-term business strategy and standard operational practices.
We have observed that certain parties may be disseminating misleading information to create sensational narratives around our store optimization strategy. We encourage all media outlets to verify facts and report responsibly, avoiding undue sensationalism that may mislead the public and our stakeholders.
Matahari remains focused on rebranding and modernizing key stores, building on last year's 9 store openings with several new store openings planned for 2024, including the recent addition at AEON Deltamas in March 2024. We continue to prioritize the selection of high-quality locations from our pipeline to ensure the best retail environments for our customers.
We appreciate the media’s role in informing the public and urge adherence to journalistic integrity in reporting on our company. For accurate information, we invite media representatives to contact our public relations department.
Thank you for your attention to this matter.
