Matahari (department store)

PT Matahari Department Store Tbk, doing business as Matahari, is an Indonesian company working in the retail business for several types of products such as clothes, accessories, bags, shoes, cosmetics, and household appliances, which provides management consulting service.[1]

PT Matahari Department Store Tbk
Formerly
PT Stephens Utama International Leasing Corp
Public
Traded asIDX: LPPF
ISINID1000113301
Industryretail 
FoundedOctober 24, 1958 (1958-10-24)
Headquarters
Tangerang
,
Indonesia
Number of locations
125 across Indonesia
Key people
BrandsMatahari
ServicesDepartment store
Revenue
  • IDR 10.245 Trillion (2018)
  • IDR 1.566 Trillion (2018)
  • IDR 1.097 Trillion (2018)
Total assets
  • IDR 5.036 Trillion (2018)
Total equity
  • IDR 1.815 Trillion (2018)
Parent
WebsiteMATAHARI.co.id
Matahari Department Store at "Mal Bali Galeria" Shopping Mall in Bali, Indonesia

History

The first Matahari outlet was opened on 24 October 1958 in Pasar Baru, Central Jakarta, in the form of children's fashion store. The store started to open a modern department store in 1972. In 1980, a Matahari outlet opened in Bogor, East Java - the first outlet outside Jakarta.

Matahari established as a legal company PT Stephens Utama International Leasing Corp based on Notarial Deed No. 2 dated 1 April 1982 of Misahardi Wilamarta, S.H.. The deed of establishment was approved by the Minister of Justice of the Republic of Indonesia in Decision Letter No. C2-2611-HT.01.01.Th.82 dated 18 November 1982, and was published in the State Gazette No. 4 dated 14 January 1983, Supplement No. 58.[1]

The initial public offering of Matahari was done on 1989 with its 2,140,000 type A shares being valued in full amount of IDR 1,000.[2]

Notes
  1. Matahari Department Store Tbk 2014, p. 6.
  2. Matahari Department Store Tbk 2014, p. 7.

References
  • Matahari Department Store Tbk, PT (2014). PT Matahari Department Store Tbk: Financial Statements 31 December 2013 and 2012. PT Bursa Efek Indonesia.
  • Company website (2017) : http://www.matahari.co.id/about

See also

(Below were brands associated with Matahari brand)

  • Hypermart, a hypermarket chain
  • Foodmart, a supermarket chain formerly known as Matahari Supermarket
  • Timezone, an Australian video arcade chain whose franchise in Indonesia is taken by Matahari


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