PT Matahari Department Store Tbk
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About MDS Retailing
PT MDS Retailing Tbk
(stock code: LPPF) is Indonesia’s premier and most established retailer.
Founded by Hari Darmawan, the Company has been a cornerstone of Indonesia’s
retail landscape since 1958, when it opened its first store, a children’s
fashion outlet in Jakarta. From this humble beginning, the business expanded
over time, ultimately evolving into the country’s first modern department store
in 1972.
Formerly
known as PT Matahari Department Store Tbk, the Company entered a new chapter in
2026 as PT MDS Retailing Tbk, reflecting its evolution into a multi-concept
retail network. Today, it expands beyond its flagship Matahari Department Store
format to build a diverse portfolio of brands and retail concepts, including
SUKO, ZES, and MU+KU, alongside private labels such as Nevada, COLE, Connexion,
and Little M. The Company currently operates more than 140 stores across nearly
80 cities in Indonesia.
Corporate Values
Humble
Always be humble and respectful to others while still being assertive.
Collaborative
Focus on working well together, trusting each other, and providing positive support.
Competitive
Have a strong fighting spirit for healthy competition to achieve the best performance.
Innovative
Provide creative and original ideas. Be adaptive and continuously innovate for present and future implementable outcomes.
Giving Back
Share benefits and happiness with others. Provide value to society and the environment with a sense of sincerity and responsibility
Share Price
1.580
LPPF
7,521
Employees
140+
Stores
11,052
Billion Rp in Gross Sales FY25
725
Billion Rp in Net Profit FY25
Social & Community Development
Matahari contributes to driving local economic growth by providing decent, fairly compensated work opportunities for local people across Indonesia. We have a policy of hiring locally as far as possible, and the majority of staff at each of our stores are from the local area. The existence of a large format Matahari store has a significant, positive impact on the local economy, particularly in second and third tier cities around the country, from the absorption of local labour, products and services to the payment of local taxes.
Awards
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Top Retailer Awards 2025
Category: Local Product Champion Buyer
Powered by: APRINDO
Top Retailer Awards 2025
Category: Local Product Champion Buyer
Powered by: APRINDO
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The Best Sectors Investortrust Companies 2025
Category: Consumer Discretionary Sector
Powered by: Investortrust
The Best Sectors Investortrust Companies 2025
Category: Consumer Discretionary Sector
Powered by: Investortrust
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Malang Investment Award '24 Category: Retail Trade Sector
Powered by: Disnaker PMPTSP Kota MalangMalang Investment Award '24 Category: Retail Trade Sector
Powered by: Disnaker PMPTSP Kota Malang -
Breakthrough Licensee of The Year 2024
03 October 2024
Breakthrough Licensee of The Year 2024
03 October 2024
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