What is ptpt matahari department store? PT Matahari Department Store Tbk is the largest department store in Indonesia, and introduced the modern department store concept to the country in 1972. Today, Matahari is recognized as the market leader in the sales of fashion apparel, accessories and beauty products within the department store segment with a market share of about 31 percent.What is the history of matahari? 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.What is the history of matahari department store tbk? On 30 October 2009, Matahari was spun off from MPP to become a new entity, changing its name to PT Matahari Department Store Tbk. At 2008, Matahari creates a loyalty membership for its customers called as Matahari Club Card, now called as Matahari Rewards, and now became the biggest loyalty membership in Indonesia.Why is matahari department store not paying pidends? In 2011, Matahari Department Store merged with Meadow Indonesia, enabling Matahari to streamline its corporate structure. However, this corporate action also led to the company's negative equity (liabilities exceed assets) and therefore the company cannot pay pidends yet.
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.
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. View Top Employees from ...