Category: Apparel
Ajit Gunewardene to be appointed Chairman of Teejay Lanka
Teejay Lanka PLC, Sri Lanka’s largest textile manufacturer, has announced that business leader Ajit Gunewardene is to be appointed Chairman with effect from 17th February 2022, consequent to his appointment as an independent non-executive director of the Company on 1st February. Gunewardene, a former Deputy Chairman of John Keells Holdings (JKH) and a former Chairman […]
Sri Lankan apparel must target opportunities arising from post-COVID rebalancing of global trade
Small and medium scale apparel producers have called on the authorities to assist the sector in expanding Sri Lanka’s apparel production capacity, to capitalise on the opportunities stemming from the on-going post-COVID rebalancing of global trade. These views were expressed at the recently held 26th Annual General Meeting (AGM) of the Sri Lanka Chamber of […]
Hela Apparel Holdings IPO oversubscribed by 5.4 times
Hela Apparel Holdings (the holding company of the Hela Clothing Group) made history this month with the successful oversubscription of the largest initial public offering (IPO) in the past decade. The IPO, which sought to raise Rs.buy Revatio generic buy Revatio over the counter 4 billion through the issue of new shares, was oversubscribed by […]
Q3 performance at JKH Group sees turnaround in Leisure business
Summarised below are the key operational and financial highlights of our performance during the quarter under review: • Group EBITDA recorded a significant increase of 126 per cent to Rs.9.53 billion during the quarter under review against the comparative period [2020/21 Q3: Rs.4.21 billion]. • The Group’s businesses recorded strong growth in profitability compared to […]
Hela Apparel Holdings prepares for upcoming IPO on 12th Jan
The initial public offering of Hela Apparel Holdings Limited (the holding company of the Hela Clothing Group) is set to open on the 12th of January 2022. The IPO has gathered significant interest from institutions, high net-worth individuals and retail investors. Hela Apparel Holdings Limited is offering 267,108,998 ordinary voting shares to the public at […]
Teejay Lanka achieves 81-pct emission reduction from sludge disposal
Invests Rs 90 million in Sri Lanka’s largest steam-powered paddle dryer Reduces GHG emissions by 2,326 tCO2e in one year Sri Lanka’s largest textile manufacturer Teejay Lanka PLC has announced the achievement of an 81 per cent reduction in Greenhouse Gas (GHG) emissions from the disposal of sludge waste, after one year of sustained operation […]
Reliance Industries acquires amanté from MAS Holdings
MAS Holdings announced that one of its subsidiaries, MAS Brands, which owns and operates the retail lingerie business under the brand amanté, was acquired by Reliance Retail Ventures Limited, a subsidiary of the Ambani-owned Reliance Industries. The amanté business, which was established by MAS in 2007/8, engages in the retail and wholesale distribution of premium […]
Teejay Lanka consolidates in Q2 to post 6-month revenue of Rs 23.1Bn
Topline grows 71% on higher demand for fabric Net profit improves by 59% to Rs 954.1 million for 1H Teejay Lanka PLC has built on its robust first quarter performance in Q2 of 2021-22, helped by strong demand for fabric from strategic customers due to the changing dynamics of the global market, increased capacities and […]
Interview: Darshi Keerthisena on Sri Lanka’s Batik craft and its future
Batik is one of Sri Lanka’s most loved and versatile heritage crafts and Darshi Keerthisena has used her artistic tool kit and shaped it into a must-have in every fashionista’s wardrobe. She is the Creative Director of Buddhi Batiks, a legacy enterprise handed down to her by her parents. Starting with the batik sari Dharshi […]
Video Interview: Women in leadership – Sonali Dharmawardene
Continuing with our women in leadership interview series, this month LBO is featuring Sonali Dharmawardene, a very sucessful fashion designer and entrepreuner in Sri Lanka who has pushed boundaries and found balance to rise to the top of her industry. Sonali has taken one of the oldest Sri Lankan Artisan Crafts and put her own […]
Joint Apparel Associations Forum formulates plan to sustain industry’s long-term growth
The Joint Apparel Associations Forum (JAAF) has formulated a 5-point framework to coordinate the industry’s response to challenges stemming from COVID-19 and to drive stakeholder collaboration towards ensuring sustained long-term growth of Sri Lanka’s entire apparel sector. The five points are: ensure a safe working environment for employees enhance backward integration high-level collaboration with the […]
Teejay Lanka steps into 2021-22 with improved Q1 performance
Teejay Lanka PLC has made an encouraging start to FY 2021-22 with solid top and bottom line growth in the three months ending 30th June 2021, shrugging off the pandemic-imposed shackles that retarded Q1 growth last year and overcoming the impact of the third wave of COVID-19 on the industry. Sri Lanka’s largest textile manufacturer […]