PT Matahari Putra Prima Tbk (doing business as MPPA Retail Group) is an Indonesian retail chain that sells items for daily needs.Matahari Putra Prima Tbk 2014, p. 7. The company operate its retail chain under the bulk of brands, such as Hypermart, Foodmart, HyFresh, Primo Supermarket, Boston Health & Beauty, Foodmart Xpress (FMX), and SmartClub.
History MPPA Retail Group was incorporated on 11 March 1986. The first Hypermart was opened in 2004 at Wahana Tata Cemerlang Mall in Lippo Karawaci, Tangerang. On December 19, 2014, Hypermart unveiled the new logo at the opening of the new Hypermart store with the new G7 concept at Cyberpark, North Lippo Karawaci, Tangerang. This logo was rolled out on their new and renovated existing Hypermart stores with the G7 concept throughout 2015 and still going on until present.
Initial public offering In December 1992, Matahari Hypermart listed its shares on the Jakarta Stock Exchange and the Surabaya Stock Exchange. These later merged and were renamed as the Indonesia Stock Exchange.Matahari Putra Prima Tbk 2014, p. 8.
Brands Current Matahari Department Store Hypermart Foodmart Primo Hypermart Foodmart Xpress SmartClub Wholesale Maxx Kitchen Maxx Coffee Boston Superoti
Former Timezone - Management transferred to Lippo Karawaci Mega M - Renamed to Hypermart Galeria Department Store - High-end department store, discontinued in 2007 Parisian Department Store - Luxury department store, discontinued in 2010 Marks & Spencer - Sold to Mitra Adiperkasa
References
External links