Matahari Department Store LPPF


 


1958
- The Matahari store, founded by Mr. Hari Darmawan, opens on 24 October in Pasar Baru Jakarta, with a total floor space of 150 square meters.


1972- Matahari opens the first modern department store in Indonesia.

1980- Matahari opened its first store outside Jakarta, in Bogor.

1992- Matahari Putra Prima goes public, with share listings on the Jakarta Stock Exchange and the Stock Exchange.

1997- Multipolar becomes the majority shareholder in MPP.

2000- Matahari Club Card (MCC) is launched.

2008- Matahari introduces its New Generation concept, which showcases the best of modern department store design.

2009- MPP affiliate PT Pacific Utama Tbk acquires the Matahari Department Store Division.

- Matahari begins trading as a stand-alone public company, PT Matahari Department Store Tbk under the stock code LPPF.


2010- Matahari is 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.

2011- A merger between MI and Matahari leaves Matahari as the surviving entity.

2013- Following a share offering by ACC and PT Multipolar Tbk public ownership of Matahari's shares increases from 1.85% to 47.35%.

2014- Public ownership of Matahari increases to 65.34%.

 

2015- Matahari's brands are made available on the MatahariMall e-commerce platform.

- Matahari exercises its share option in PT Global Ecommerce Indonesia (GEI), the parent entity of MatahariMall.
- Public ownership in Matahari increases to 79.52% with ACC's divestment of further shares.


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.


2017- Opens the first stand-alone Nevada Store;

- Signs a multi-year Direct to Retail (DTR) agreement with Disney;
- Partners with local designers and celebrities to deliver enhanced merchandise offerings;
- Relaunches the loyalty program as Matahari Rewards, with an improved platform and
  superior benefits;
- Launches the new “Feel Good” reinforcing Matahari’s commitment to offer all its customers
  a great shopping experience;
- Establishes PT Matahari Nusantara Logistik, a l 00%-owned subsidiary, which manages and
  develops and transportation systems; Completes the final tranche of its investment in
  Mataharimall.com, giving Matahari an ownership stake of 19.62% at the end of December 2017.


2018- Relaunches the MATAHARI.com mobile app.

- Distributes a cash dividend of Rpl trillion, or 70% of the net profit.
- Kicks off a share buyback program. Launches a new exclusive.
- Whiteberry - Style & Comfort Lingerie.
- Announces plans for the development of a multi -purpose distribution facility with the purchase
  of land close to Jababeka Industrial Area.
- Continues to collaborate with local celebrities and talent to deliver enhanced merchandise offerings.


2019- Opens 3 large format Matahari department stores.

- Distributes a cash dividend of Rp 933.600.000.000, or 85% of the net profit.
- AGMS approves an additional share buyback program.
- Finalizes the initial share buyback program in December 2019.
- Initiates the use of cassava-based shopping bags. Matahari Department Store LPPF


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. Matahari Department Store LPPF

Mission

To delight customers with aspirational yet affordable fashion that looks good & feels good.

Vision

By 2023, Matahari will be the most successful fashion & lifestyle specialty retailer in Indonesia bringing value & opportunity nationwide across all our channels. Our talented people will achieve this by focusing on customer experience and value whilst shifting our mindset to one of a “House of Specialists” Matahari Department Store LPPF

employees, customers, suppliers and the community. The Company therefore consistently strives to uphold the core principles of good corporate governance as defined by the Organisation for Economic Cooperation and Development (OECD): Transparency, Accountability, Responsibility, Independence, and Fairness. These five principles provide the foundation for Matahari’s Code of Conduct.

  1. Transparency
      The Company consistently provides clear, accurate, complete and timely information to the shareholders and other stakeholders, in the form of financial statements, investor information, and other relevant materials or disclosures. These are easily accessible on the corporate website, www.matahari.co.id, and disclosed in the Company’s annual reports.

  2. Accountability
      The Management accepts its responsibility to the shareholders and other stakeholders with regard to the implementation of the Company’s strategies and achievement of its objectives, and is ready to account for all its actions and decisions to the Board, the shareholders, and other interested parties. The Board of Commissioners takes responsibility for the effective supervision of Management and its accountability to the shareholders..

  3. Responsibility
      The Company complies with the relevant laws and regulations and respects the rights of all the stakeholders. It also fulfils its responsibility to protect and promote the sustainability of the environment, public welfare and healthy living.

  4. Independence
      The Company manages the business in a professional manner, without any conflict of interest or influence or pressure from any party that is in contravention with the laws and regulations. This is demonstrated in the Company’s objective decision making, which is free of any intervention from third parties.

  5. Fairness

      The Company treats all the shareholders equitably, irrespective of whether they are majority or minority shareholders, and guarantees the rights of the shareholders and stakeholders. The Company therefore always provides the same opportunities to all shareholders to vote and challenge the Company at the AGM, and treats all stakeholders fairly by providing equal opportunities with regard to employment, training, promotion, access to information, and so on. Matahari Department Store LPPF


STORE LOCATION










Head Office
PT Matahari Department Store Tbk
Menara Matahari 8th - 12th floor
JI.Boulevard Palem Raya No.7
Lippo Karawaci, Tangerang 15811

Customer Service
Halo Matahari
Monday - Friday : 8am - 5pm
Phone : 1500 838
Email : halo@matahari.com
Matahari Department Store LPPF










Posted by
Subscribe to: Posts (Atom)