PT Matahari Archives - Inside Retail Asia

Learning from premium Asian retailers

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PE investor sells Indonesian d-store stake

UK-based CVC Capital Partners has sold a 12 per cent stake in Indonesian retail giant PT Matahari. Matahari owns hypermarkets and department stores across the nation – and is actively expanding its footprint as Indonesia’s middle class expands. CVC has declined to comment on the transactions, which came to light through regulatory filings. The company now has just two per cent of Matahari’s shares, suggesting they, too, will be offloaded in the near future. The timing of the tran…

Indonesian FMCG retailer’s sales rise

Indonesian FMCG retailer PT Matahari has reported a healthy total store sales increase of 16.2 per cent in 2013. The company has added 19 new Hypermarts, three new Foodmarts and 16 new Boston Health & Beauty stores, taking its total store count to 221. It says it will continue the aggressive expansion in 2014, planning to open more than 20 new Hypermarts, three to five new Foodmarts and over 20 Boston Health & Beauty stores. According to Boston Consulting Group, Indonesia is at …