Industry Analysis

Hela Apparel Holdings Partners with Reebok to Enhance Outerwear Offerings in UK and Europe

Hela Apparel Holdings PLC, the publicly-listed fashion conglomerate headquartered in Sri Lanka, has announced an exclusive long-term partnership with Authentic Brands Group to design, manufacture, and sell Reebok-branded outerwear across the UK and Europe. This collaboration marks a significant milestone in expanding the Hela Group’s offering to the fashion industry by fusing its design, manufacturing,

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Business

Sri Lanka’s June Merchandise Exports Rise 2.58% to Over USD 1 Billion

Sri Lanka’s merchandise export performance for June 2024 reached USD 1,031.2 million, marking a 2.58% increase compared to June 2023, according to provisional data from Sri Lanka Customs. This rise is attributed to higher earnings from exports of apparel and textiles, tea, rubber-based products, coconut-based products, food and beverages, and spices and concentrates. Compared to

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