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The company started when Otara Gunewardene began selling factory surplus garments and apparel from her car boot to family and friends in 1989. [5] [6] [7]Gunewardene registered Odel (the name is based on her own name, Otara Del Gunawardene [5]) as a private limited liability company on 31 October 1990 [7] [8] and the company opened its first 37 m 2 (400 sq ft) store on Dickmans Road in Colombo.
Hela Clothing appointed A. R. Rasiah as the new chairman of the company in December 2018. [6] Hela Apparel Holdings (Pvt) Ltd was founded in 2018 and was listed on the Colombo Stock Exchange in 2022 through an initial public offering (IPO). The IPO was intended to offer 20% of the stake of the company and raise the capital of LKR4 billion.
The United States is the main importer of textile goods from Sri Lanka, accounting for 76% of total exports from Sri Lanka. As of 2009, Sri Lanka ranked 12th among apparel exporters to the United States in terms of value. [15] Sri Lanka's partnership was advanced in 2000 in part by setting up logistics centres at key US ports to smooth the ...
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This page was last edited on 1 November 2019, at 16:50 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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This page was last edited on 1 November 2019, at 16:47 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.