About Matahari
Management
Vision and Mission
Prospectus
Awards

About Us

Matahari has been a cornerstone of Indonesia’s retail landscape since 1958, when it opened its first store—a children’s fashion outlet in Jakarta. From this humble beginning, Matahari went on to make history by launching the country’s first modern department store in 1972. Today, as Indonesia’s premier and most established retailer, Matahari continues to evolve, shaping the future of fashion retail for a new generation of Indonesian shoppers.

Matahari’s solid fundamentals and commitment to delivering sustainable value have contributed to local economic growth by creating hundreds of job opportunities across the nation. With more than 140 stores in nearly 80 cities throughout the archipelago, Matahari’s expansive reach is further strengthened by its digital platforms, including Matahari.com and various omnichannel initiatives.

Matahari excels in delivering curated fashion across apparel, footwear, beauty, and related lifestyle categories. Alongside its curated fashion offerings, Matahari continues to expand its portfolio of private labels, including SUKO, ZES, Nevada, Connexion, COLE, and Little M to better serve the dynamic tastes of Indonesian consumers.

Our Brands

Shareholders Structure

Company Organization

Company History

Matahari commenced its operations on October 24, 1958, with the opening of its first store in Jakarta, founded by Hari Darmawan. In 1986, PT Matahari Putra Prima Tbk (MPP) was established and subsequently listed its shares on the Jakarta and Surabaya Stock Exchanges through an Initial Public Offering (IPO) in 1992.

In 2009, PT Pacific Utama Tbk, an affiliate of MPP, acquired the Matahari Department Store division. Following this, Matahari operated independently under PT Matahari Department Store Tbk with the stock code LPPF.

In 2010, Matahari was acquired by PT Meadow Indonesia, a subsidiary of Asia Color Company Limited (ACC) under CVC Asia Fund III, with the merger process completed in 2011.

The Company’s ownership structure has undergone several changes, until in 2020 Auric Capital, through Greater Universal Ltd, became a shareholder. In 2021, the Auric Group was designated as the controlling shareholder of the Company.