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In March 2024, McDonald's removed Abans as their Sri Lankan local partner as part of its global franchise network owing to the poor quality supply of food items and unhygienic food items in McDonald's outlets all over Sri Lanka. [15] [16] Abans was criticised for failing to meet international hygiene standards when operating the McDonald's ...
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.
As of 1998, the Sri Lanka apparel industry employed about 300,000 people in 800 factories. Sri Lanka nationals are primary owners of 85% of the small-to-mid-sized factories, while larger operations are typically joint ventures or foreign-owned. [10] The end of Sri Lanka's civil war in 2009
Later on, Nolimit expanded its operations across Sri Lanka by opening up branches at 23 locations. [ 6 ] The company was classified in an elite list among the Top 25 Best Companies to Work for in Sri Lanka by the Great Place to Work Institute in collaboration with LMD business magazine and the Ceylon Chamber of Commerce during the time period ...
Moose Clothing Company, which was established in 2018, is a subsidiary of Brandix Lanka Limited. [20] Moose Clothing became a co-sponsor of South African cricket tour of Sri Lanka in 2018 . [ 21 ] In 2023, the company entered into the Singaporean market when it signed an agreement with Mustafa Centre .
Sri Lanka's cabinet has approved increasing the minimum wage by 40%, a top official said on Tuesday, to support workers struggling with living costs as the economy slowly shakes off its worst ...
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