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Releasing Matahari

Wednesday, February 10, 2010

CVC Capital has taken over the majority shareholding in the Matahari Department Store from the Lippo Group. However, many doubt that the group really released one of its cash cows.

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LOTS of red paper lanterns and Chinese accessories filled the counters of the Matahari Department Store in the Bandung Indah Plaza. On Wednesday last week, several sales promotion girls wearing special Chinese-style red and white Cheongsams added to the atmosphere in the run-up to Chinese New Year at this shopping center in Jalan Merdeka. Mandarin songs also entertained the many visitors who were shopping or just looking.

This shop in the heart

...

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