Apparel Archives - Page 4 of 5 - Lanka Business News

September 12, 2022

● Apparel industry proves resilient in the face of adversity ● Total apparel exports in July 2022 ($ 522.14 million) – 22.4% increase YoY As Sri Lanka struggles with the ongoing economic crisis, the country’s trade balance recorded a surplus last July. While this surplus reflects the continued decline in import […]

September 6, 2022

International apparel firms are doubling down on their investments in Sri Lanka and are expanding their production capacities, sending positive signals even in the midst of a historic economic meltdown. An internationally reputed producer of accessories for the global lingerie industry – Prym Group is a company with a rich legacy of […]

September 5, 2022

amanté, Sri Lanka’s leading intimate apparel brand, hosted its first-ever Frontline Partners’ Night on Tuesday 23 August 2022, with a view to both share its growth plans and show its appreciation for the valuable support from its retail and distribution partners over the years. Held at the Shangri-La Colombo, the event was […]

August 19, 2022

• ‘De-risking Sri Lankan Apparel’ – an event for apparel leadership across the sector took place on 18, August 2022 at Cinnamon Lakeside Colombo Colombo, Sri Lanka, August 2022 – UK-based Digital Supply Chain Start-up – facilitated by The American Chamber of Commerce (AMCHAM) in Sri Lanka, have launched Resilient Sri Lanka […]

August 15, 2022

15th August 2022, Colombo: Hela Apparel Holdings PLC recorded an impressive start to the financial year, with revenue growing by 114% year-on-year to Rs. 24.5 Bn in the first quarter. The significant growth was partly driven by the depreciation of the rupee during this period, while the Group’s underlying US Dollar-denominated […]

August 15, 2022

● ETI and AAFA have extended their support to the apparel industry. ● JAAF welcomes this move as it complements and enhances worker welfare measures already taken by the industry. ● Demonstrates international brands commitment to Sri Lanka as a long term sustainable partner 14 August, 2022: As Sri Lanka […]

August 2, 2022

South Asian nation among handful that scores high in all key criteria – Stretchline Globally successful manufacturing destinations for high-end apparel have three defining characteristics. Firstly, they have robust secondary supply chains – which are critical to ensuring the timely availability of all required inputs. The importance of this becomes apparent […]

June 22, 2022

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Colombo, June 22, 2022 – In its relentless pursuit of excellence, Brandix sponsored the recently concluded J.P. Morgan Tournament of Champions 2022 held in New York, as the Official Apparel Solutions Partner. Creating unique performance wear for the a-list of the Squash world, Brandix aided the champions in their phenomenal performances at the […]

June 15, 2022

Industry body, JAAF encourages manufacturers to adopt special welfare schemes Cost of living allowances for employees effected by companies Dry rations and meals provided to employees and their families 13th June 2022: In an effort to reduce the burden of the ongoing economic crisis and help workers cope with the rising cost […]

May 27, 2022

27th May 2022, Colombo: Amidst a host of global and local challenges, Hela Apparel Holdings PLC recorded a landmark year of growth in FY 2021/22, with revenue increasing by 75% to LKR 56 Bn. Profits attributable to equity holders also increased to LKR 813 MN, compared to LKR 767 MN in […]

“There is opportunity in crisis” – JAAF Secretary General

Germany’s Prym Intimates: SL apparel’s strategic value outshines current economic challenges

A toast to partnership – amanté hosts inaugural Frontline Partners’ Night

UK Based Kavida AI invests $500,000 USD to support Sri Lankan resilience. Over 30 companies join the new forums first event

Hela Apparel Holdings Marks an Impressive Start to FY 2022/23

JAAF welcomes the Ethical Trading Initiative’s (ETI) and American Apparel and Footwear Association’s (AAFA) call to action in response to Sri Lanka’s economic meltdown

Despite challenges, Sri Lanka’s positioning remains unmatched in high-end apparel manufacture

Brandix upholds excellence as official apparel solutions partner for the J.P Morgan Tournament of Champions

Apparel industry addresses impact of crisis on their workers

Hela Apparel Holdings Completes Landmark Year of Growth and Consolidation