Indonesia: Retailer MDS closes 2nd tranche of investment in MatahariMall

Indonesia: Retailer MDS closes 2nd tranche of investment in MatahariMall

MatahariMall. Photo: Bloomberg

Indonesian retail firm Matahari Department Stores (MDS) – whose parent company Multipolar is part of the Lippo Group conglomerate – has closed its second tranche of investment, in the last one year, which takes its stake to nearly 16 per cent in local e-commerce startup MatahariMall.com, according to the company.

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