Category: Apparel
EU lifts fishing ban, unofficial talks to finalize GSP+ application: PM
June 17, 2016 (LBO) – Sri Lanka has been removed from the list of third countries (countries outside the EU) not cooperating in the fight against illegal, unreported and unregulated fishing. The Council of the European Union adopted amendments to implementing decision 2014/170/EU establishing a list of non EU countries not cooperating in the fight […]
Designer swimwear show to be held at Colombo Port
June 07, 2016 (LBO) – Colombo Fashion Week will showcase the latest trends in swimwear from June 24-26 at the ECT Terminal of the Colombo Port, organizers said. In collaboration with swimwear manufacturer Linea Aqua, the Swim Week Colombo will feature 14 Sri Lankan and international designers on the runway. “Swim Week Colombo is conceptualized […]
‘s Amanté to sell lingerie in Pakistan
May 24, 2016 (LBO) – Sri Lanka’s Amanté lingerie has opened its first flagship store in Pakistan in May at the Dolman Mall, Karachi. This is the first international franchise, outside of India for the brand, the company said in a statement. Pakistan’s premium brands retailer SFnZ& Co. Ltd. signed franchise agreement with Amanté to […]
Textured Jersey closes 2015/16 on YTD net profit of Rs. 2.1bn, 63-pct growth
May 19, 2016 (LBO) – Sri Lanka’s TJL Group (TJ), a knit fabric manufacturer said its year to date net profit was 2,172 million rupees while the revenue recorded was 17.8 billion rupees, a 30 percent increase. “The boost in profits can be directly attributed to the synergy from acquisitions,stringent cost control initiatives,cutting edge Innovations, and […]
Italy to explore apparel, renewable energy prospects in Sri Lanka
May 18, 2016 (LBO) – Deputy Foreign Minister of Italy Senator Benedetto Della Vedova will make an official visit with a business delegation to Sri Lanka from today to 19 May 2016, the Foreign Ministry said. A four-member business delegation with interests in the apparel industry and renewable energy from Euro Green Power Ltd, Moving […]
China FTA talks in June; TPP may affect Sri Lanka apparel exports: Bathiudeen
May 02, 2016 (LBO) – Arrangements are under way to hold the third round of negotiations for China-Sri Lanka FTA in June this year, Industry and Commerce Minister Rishad Bathiudeen said. “When reviewing the garment sector, we need to be able to carefully address the Trans-Pacific Partnership (TPP) Agreement under which tax free garment export […]
‘s apparel: World Bank
Apr 27, 2016 (LBO) – Sri Lanka could enter into more trade agreements to help diversify export destinations for existing apparel products, a new World Bank report said. “The island could enter into more trade agreements to help diversify export destinations for existing products, such as active wear and intimate apparel,” World Bank report, Stitches […]
Sri Lanka explores possibility to join TPP: Foreign Minister
Feb 26, 2016 (LBO) – Sri Lanka’s government is currently exploring the possibility of applying to join the Trans-Pacific Partnership very seriously, Foreign Minister Mangala Samaraweera said. “A leading government think tank is preparing a feasibility study and we will be continuously evaluating developments on this front,” Samaraweera said. He was addressing a gathering at […]
Embark’s new Christmas concept – product range a call to ‘Love the Fashion, Feel the Passion’
This season, Embark, the unique fashion label with a cause, has promised ‘a shopping experience from the heart’ with a refreshingly sincere Christmas campaign involving its people, and a product range that reflects the compassion and commitment that the programme is all about.Faces from Embark’s very own team, along with passionate individuals who are committed to make a […]
Sri Lanka’s clothing industry looks to improve competitiveness: OBG
Dec 01, 2015 (LBO) – With an eye on the target of reaching 8.5bn dollars worth of clothing exports per annum by 2020, Sri Lanka’s apparel manufacturers are backing a national bid to regain preferential trade concessions from the EU, a report by the Oxford Business Group said. Sri Lanka has carved a niche as […]
Textured Jersey to offer share options to employees
Sept 30, 2015 (LBO) – Sri Lanka’s Textured Jersey Lanka says it will implement an employee share option scheme (ESOS) for directors and selected executives in management positions, in a stock exchange filing. The total number of shares to be issued, if all of the share options are exercised in full, amounts to 27 million […]
Brandix allocates Rs5 mn for each model village in CSR project
Aug 27, 2015 (LBO) – Sri Lankan apparel exporter Brandix says it plans to allocate five million rupees for each ‘model village’ it supports with improved water supply and sanitation facilities under its corporate social responsibility program.The villages are selected within a five kilometre radius of its factories, initially in Polonnaruwa. The program has contributed […]