Limited Brands opts for Hemas
Ravi LADDUWAHETTY
Limited Brands, US based holding company of globally renowned apparel
brands such as Victoria's Secret, Pink, Bath and Bodyworks, La Senza and
Henri Bandel, has opted for a Hemas Group joint venture for its cargo
logistics out of Sri Lanka.
The Hemas Group joint venture is with Hellmann Logistics which is
also a global operator and it with them that we procured the business,
Hemas Group Transport Director Imtiaz Eusufally told Daily News Business
last night.
"This was after a competitive bidding process which is done
biennially and we got it this time, although there is no assurance in
continuity indefinitely," he said. However, Hemas is one of the three
cargo logistics for Limited Brands out of Sri Lanka and one of them also
includes Pership as well and there were always three operators out of
Sri Lanka.
International apparel sources point out that Limited Brands has 3,000
stores and 90,000 associates globally where most of the product lines
are outsourced from China, India Israel and Sri Lanka. |