Softlogic buys Bangaladesh’s second-biggest retail chain at an undisclosed price
(TBSNews): Sri Lankan conglomerate Softlogic’s retail holdings wing entered into an agreement on Friday to fully acquire Agora, Bangladesh’s first-ever and second-largest supermarket chain, according to public disclosure by the…
Sri Lanka Retailers’ appeals for cost-sharing from Business Partners amid current economic crisis
The Sri Lanka Retailers’ Association (SLRA), the apex body for organized retail in Sri Lanka is requesting landlords, lessors, and business partners to reduce leases and rentals for the Association’s…
Keells plans to open over 75 outlets by early 2024 amidst intensifying competition from newcomers
Feeling the heat from intensifying competition from newcomers, John Keels Holdings (JKH) re-targets to open over 75 Keells branded supermarkets by early 2024. “The Retail sector has seen intensifying pressure…