MatahariMall CEO Hadi Wenas has released a statement to deny various media reports on Tuesday saying that the Lippo Group-backed e-commerce platform has shut down its service.
He told CNBC Indonesia that while there are “changes” within the company, their service will remain open.
e27 was also able to confirm that the MatahariMall site remains accessible and running today.
In a press statement, the company has announced changes in their business strategy in Indonesia.
The MatahariMall service is set to “synergise” with Matahari.com, an e-commerce platform owned by Matahari Department Store, an Indonesian offline retail giant that is also backed by Lippo Group.
Through the move, MatahariMall aims to strengthen its online-to-offline (O2O) or omnichannel offering for its customers.
In a separate interview with detik, Wenas also clarified that the two business entities are not being merged and are still being run by two different companies.
“We want to help our merchants to on-board themselves to Matahari Department Store, so that they can try the omnichannel experience themselves,” Wenas said.
“In the future there will be only one go-to market, which is Matahari.com. Instead of MatahariMall.com and MatahariStore.com as previously,” he added.
Earlier this year, MatahariMall announced that it was going to focus on selling fashion products, instead of various consumer products as before.
In January 2017, MatahariMall Chairman Emirsyah Satar was named as suspect in a trans-national bribery case involving British automaker Rolls-Royce, which was reported to have happened during his tenure as CEO of flag carrier Garuda Indonesia.
Denying the allegation, a MatahariMall spokesperson told e27 that Satar has left the company since.
Image Credit: MatahariMall