PT Matahari Department Store Tbk

PT Matahari Department Store Tbk (Matahari) is a retailer of apparel, accessories, beauty products and homeware that targets fashion conscious, value-minded consumers. Backed by a trusted network of local and international suppliers, Matahari’s mix of affordable fashion, quality and modern, visually appealing stores delivers an exciting and dynamic shopping experience, making Matahari the department store of choice for Indonesia’s burgeoning middle class. Matahari opened its first outlet, a children’s fashion store, on October 24, 1958 in Jakarta’s Pasar Baru district. Since launching Indonesia’s first modern department store in 1972, the Company has expanded its footprint across the archipelago. Now presents in 62 cities, Matahari is supported by more than 50,000 people in its 126 stores with a total of more than 1,200 suppliers in Indonesia, and over 90% of direct purchase sourced locally, making it a truly national phenomenon. Matahari’s exclusive lines, sold only in the Company’s stores, are rated among the most affordable fashionable brands by consumers, and Matahari is consistently recognised as Indonesia’s preferred department store.