ADVERTORIAL

Abans open ABSTRACT lifestyle fashion stores in Welisara and Kandy

Abans has ventured into fashion garments, clothing and accessories for the whole family. Abans’ new lifestyle fashion store `ABSTRACT’ was opened on Negombo Road, Welisara and at Kandy City Centre recently.

The theme for ABSTRACT was carefully and meticulously planned by renowned Sri Lankan architect Nela de Zoysa to create a stunning effect that blends well with the glamorous fashions on display.

ABSTRACT provides fashion and style conscious people of all ages an opportunity to indulge in a shopping fantasy of quality and elegant clothing and accessories at affordable prices.

The concept of ABSTRACT is that of a Lifestyle Fashion Store where one can shop in comfort and style and buy almost everything from the latest fashions in stylish clothing and accessories for men, women and children to lingerie, sportswear, costume jewellery, shoes and leather goods, perfumes, Titan watches, toys and much more.

Both ABSTRACT lifestyle fashion stores in Welisara and Kandy have been designed to give shoppers a unique shopping experience.

The first impression that shoppers get when they walk into ABSTRACT is the feeling of being in a department store in Dubai or Singapore. Shoppers are able to conveniently browse through the different range of products, which are beautifully displayed, and easily select what they want to buy. ABSTRACT’s main lifestyle fashion store in Welisara spreads over 50,000 square feet of shopping space, elegantly and spaciously laid out with the best quality products.

ABSTRACT has many promotional offers, special offers and seasonal offers with amazing discounts, gifts etc.

Commercial Credit on expansion drive

Opens branches in Gampaha, Nugegoda and Moratuwa:

Commercial Credit PLC, recently opened its newest branch on Mangala Road, Gampaha thus bringing its total network across Sri Lanka to 22.

Present on the occasion were Commercial Credit’s Chairperson Vagdevi Fernando, CEO Roshan Egodage and Working Director Geya Egodage. Days prior to this, Commercial Credit PLC also opened new branches on High Level Road, Nugegoda and New Galle Road, Moratuwa.

Commercial Credit thus forges ahead on its trailblazing path, stamping its mark on the country’s financial landscape and continuing its record-breaking story of success and acclaim as it spreads its reach across Sri Lanka.

Commercial Credit PLC Chairperson Vagdevi Fernando said, “After Kandy, Nuwara Eliya and Badulla, we’re happy to expand our presence in the Western Province. This will now enable us to extend the same superior levels of service and customer relationship enjoyed by our customers across the country.

“We’re now fully geared to serve the people of Gampaha, Moratuwa and Nugegoda, and their adjoining areas with a wide portfolio of products and services. Among them are fixed deposits, leasing, hire purchase, personal loans, gold loans, educational loans, real estate and micro finance,” she said.

A relatively new entrant to the Western Province, the company’s rapid turnaround to become one of the most notable success stories in recent history has garnered the trust, recognition and respect of the industry. Its performance under the new management has proved the strength of its revolutionary strategy.

Operating an asset base of Rs. 1.5 billion at the time of takeover, the company’s current asset base stands at Rs. 6.8 billion. From a loss-making year in 2009 Commercial Credit delivered a profit (before tax) of Rs. 325 million at the end of the financial year 2010/2011, which is an unprecedented growth.

Commercial Credit CEO Roshan Egodage said, “We’ve been in operation for 29 years. Through this period we’ve diligently cultivated and promoted the savings habit in people across the geographical boundaries of Sri Lanka. In addition we’ve also supported their business through different forms of financing as a strategic business partner. I have no doubt that these new openings will enrich our islandwide network and parallely be of assistance to the people of those towns and other adjoining areas.”

While increasing its islandwide presence to 22 locations, further expansion plans are in the pipeline as the company’s pursues plans to become a nationwide force to reckon within the financial services sector.

Tile Collection holds sales conference

Sanjeevi JAYASURIYA

The Tile Collection (Pvt) Ltd, a leading tile importing company held its dealer conference recently to recognize its dealer network islandwide.

“We started manufacturing different types of tiles including floor tiles and wall tiles from 1996. We do exports to South Korea, Thailand, Philippines, Mauritius, South Africa and Sri Lanka.

We also have a good market in Indonesia as the country has a 200 million population,” PT. Chang Jui Fang Indonesia (CJFI) Exports Manager Herry Kurniawan told Daily News Business.

“The partnership of Tile Collection in Sri Lanka is growing steadily and we see huge opportunities with the economic and political stability in the country. As Sri Lanka’s middle class is expanding rapidly, there is a readymade market and we focus on capturing this segment,” he said.

“We are satisfied with way Tile Collection is handling the distribution network. They have made their best effort to market our products as well as be the prime agent for us. We export 15 to 20 containers per month to Sri Lanka as we see a continuous demand,” he said.

“Sri Lanka is a fast developing country and there is significant potential for our products. As a manufacturer we are happy that our products are well accepted here and quality and designs are welcomed.

We intend to go in for product expansion where Tile Collection and CJFI can grow together,” he said.

The Sri Lankan government is very supportive toward the international trade and direct air connectivity is an added advantage to further improve trade relationships.

Though Sri Lanka imports similar products from other countries due to high quality and standards we have been able to maintain our volumes,” he said.

Speaking on the partnership with Indonesian tile giant, Tile Collection Sales and Operations Director Shamendra Gunasekera said that the company is successful in maintaining a healthy relationship with CJFI for the past 15 years.

“We import all the products from Indonesia. Our company is the main dealer for CJFI products and our dealer network of 35 dealers is an asset to the company. Hence, it is appropriate that we recognize their contribution to bottom line growth”, he said.