Textured Jersey Lanka PLC (TJL) yesterday reported a 68% year-on-year bottom line growth for the quarter ended 30 September 2013 (2Q FY2013/14), continuing on its impressive performance.
The Sri Lanka Apparel Exporters Association held its Annual General Meeting at the Cinnamon Lakeside recently, followed by cocktails hosted by SLAEA Chairman Yohan Lawrence. Special invitees at the function included CBSL Governor Ajith Nivard Cabraal and BOI Chairman Dr. Lakshman Jayaweera
The high-street fashion label Aviraté will be joining Cinnamon Hotels & Resorts in hosting ‘French Touch 2013’ – a gala fashion event which will be held at Cinnamon Bey Beruwala on 21 November 2013.
An insightful panel discussion moderated by GT Nexus Founder, Vice Chairman and Chief Strategy Officer Kurt Cavano was held on the topic ‘Technology, Innovation and Design in apparel supply chains,’ featuring Orient Design Chairman Gihan Nanayakkara, Knickerbox Co-founder Janie Schaffer, [TC]2 Chief Executive Officer Dr. Michael Fralix, MAS Holdings Chief Growth Officer Nathan Sivagananathan and Timex Group Chairman Ashraf Sattar. At the discussion, Cavano asked each of them to define innovation in their own words.
With Sri Lanka earning its position as the fashion and apparel hub of the South Asian region and standing strong in its commitment to sustainability, value and invention, the South Asian Apparel Leadership Forum (SAALF) played a pivotal role in deciding the future of the industry.
IBM announced its collaboration with Textured Jersey Lanka PLC, a manufacturer of weft knit fabrics in Sri Lanka, to provide advanced technology solutions to the company for scaling up their business operations for improved efficiency.
§ Following the collapse of Rana Plaza, Bangladesh, audits in Asia increased by 57% in Asia and 107% in Bangladesh
§ Apparel retailers are now going ‘phygital’ – the merging of physical attributes of retail with digital elements
§ Consumers are moving away from a celebrity society and towards a new found interest in science, culture, and education
§ Retail is now about conversations and no more about transactions and relationships
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