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20260421_LPPF_Laporan Informasi dan Fakta Material_32072391_lamp2.pdf
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21 April 2026
PT Matahari Department Store Tbk Becomes PT MDS Retailing Tbk
PT Matahari Department Store Tbk (“the Company”; stock code: “LPPF”)
PRESS RELEASE announced its change of name to PT MDS Retailing Tbk, marking a
new chapter in its ongoing transformation into a multi-concept retail
network. This change is limited to the corporate entity level and does
not affect the Company’s existing store operations, brands, or customer
experience, all of which will continue to operate under their current
brand names, including ‘Matahari’ or ‘Matahari Department Store’.
As one of Indonesia’s most established retailers, the Company brings
over 60 years of experience in the industry, with a strong nationwide
presence of more than 140 stores across nearly 80 cities. Its new name
reflects a strategic expansion beyond a single department store format
into broader retail network that develops and operates multiple brands
and concepts.
Today, the Company’s growing portfolio includes:
• Matahari Department Store : a trusted destination for family
fashion and lifestyle needs across Indonesia, which continues to
operate under Matahari brand name.
• SUKO : a brand offering minimalist, functional everyday essentials,
currently available in five locations across Jakarta, Bekasi, and
Surabaya.
• ZES : an urban contemporary fashion brand with a sleek, modern
aesthetic, operating two monostores in Jakarta and Bekasi.
• MU+KU : a curated multibrand concept store designed to deliver a
more delightful, discovery-led shopping experience, currently
present in Jakarta and Surabaya.
In addition to these concepts, the Company also continues to develop
and strengthen a diverse portfolio of private label brands, including
Nevada, COLE, Connexion, Little M, and others, spanning a wide range
of categories from casual and family essentials to more fashion-forward
and contemporary styles.
The Company plans to further scale these concepts into a broader and
more integrated retail network, strengthening its ability to serve
diverse customer segments while unlocking new growth opportunities.
“The transition to PT MDS Retailing marks our transformation into a
multi-concept retail network, moving beyond a single-format business
For further information, please contact: to deliver more relevant concepts and experiences. We remain
Corporate Communications / committed to innovating, adapting to changing consumer needs, and
Investor Relations creating sustainable value for all stakeholders,” said Monish
PT MDS Retailing Tbk (formerly
Mansukhani, CEO of MDS Retailing.
PT Matahari Department Store Tbk)
Tel: (62 21) 547 5228
E-mail: corp.comm@mdsretailing.com,
ir@mdsretailing.com
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Matahari Department Store Tbk
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