Sign in

LPPF on Indonesia Stock Exchange

Matahari Department Store

Logo: PT Matahari Department Store Tbk., Public domain, via Wikimedia Commons3

Indonesian retail company

PT Matahari Department Store Tbk, commonly known as Matahari, is the largest retail platform in Indonesia with stores located across the country and online presence on Matahari.com.2 Its shares trade on Indonesia Stock Exchange under the symbol LPPF.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with another stock.

  • TickerLPPF on Indonesia Stock Exchange1
  • Industryretail1
  • HeadquartersTangerang1
  • Websitewww.matahari.com
  • Listed onIndonesia Stock Exchange (LPPF), Indonesia Stock Exchange (LPPF)1

See how the biggest companies compare on our leaderboards

PT Matahari Department Store Tbk, commonly known as Matahari, is the largest retail platform in Indonesia with stores located across the country and online presence on Matahari.com.2

Corporate structure

Matahari Department Store is part of a group headed by MATAHARI. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • MATAHARI Kanagawa Prefecture, Japan
    • Matahari Department Store Tangerang
    • Be Re-inc Subsidiary · Kanagawa Prefecture, Japan

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

The Company was established on October 24, 1958, by Tan Tjan Hok, a businessman hailing from Makassar. With the opening of a children's fashion store in Jakarta's Pasar Baru district; the first proper Matahari outlet was opened in 1972, considered as the first modern department store in the country.

In 2007, the company opened Parisian. A High-end spin-off of the Matahari brand. Their first, and only outlet at the Taman Anggrek Mall were closed in 2009.

Since July 14, 2021, the majority and controlling shareholder of Matahari Department Store Tbk has changed to Auric Digital Retail Pte. Ltd. Meanwhile, Multipolar remains one of the main shareholders. The rest are other investors. Currently, Matahari operates 140+ outlets in nearly 80 cities throughout Indonesia.

Latest Updates

Matahari is focused on strengthening its exclusive brand portfolio, which includes SUKO, ZES, Nevada, Connexion, COLE, and Little M, to appeal to dynamic Indonesian consumers. The company offers a curated range of fashion and lifestyle products across a large network of over 140 stores in nearly 80 cities, complemented by digital platforms like Matahari.com.

From Wikipedia’s article on Matahari (department store), shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Parent company

From Wikidata.1

Timeline

  1. Oct 10, 1989Went public Listed on Indonesia Stock Exchange1
  2. Oct 9, 1989Went public Listed on Indonesia Stock Exchange1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4