Hameedia ties up with Madura Fashion India
Sanjeevi JAYASURIYA
Sri Lanka's leading menswear specialist Hameedia tied up with Madura
Fashion and Lifestyle India to import and distribute leading brands such
as Louis Philippe, Van Heusen, Allen Solly and Peter England in Sri
Lanka.
Hameedia’s Manager Marketing and Sales Leroy Ebert,
Hameedia’s Deputy Managing Director Hussain Sadique, Madura
Fashion. Lifestyle’s COO Shoaib Farooqi and Madura Fashion
& Lifestyle’s Head of Branded Exports Sandeep Ganapathy
at the tie up. |
The agreement will cover three years contact period where Hameedia
will have the master franchise over the product range.
Hameedia has been in partnership with Madura Fashion and Lifestyle
India, the largest and fastest growing apparel player over two decades
and the tie up will signifies the vision to enhance men's personality
and lifestyle. While expanding the current portfolio and thereby
enriching its product offering Hameedia' s is in a position to present
youthful, quality, affordable and world class fashion to its loyal
customers, Hameedia's Deputy Managing Director Hussain Sadique said.
The two fashion power houses-Hameedia and Madura Fashion and
Lifestyle will joined hands to launch a concept store under the brand
name Planet Fashion where it will exclusively retail all products of the
four brands.
This will be the first of its kind multi brand store that will only
retail leading international brands. Plans are in place to open a series
of Peter England brand stores in prime locations in Colombo, he said.
There is huge potential in Sri Lanka and we consider the added
partnership will continue to add to the bottom line. Hameedia will
represent our business interests and we look forward to a fruitful
relationship, Madura Fashion and Lifestyle COO Shoaib Farooqi said.
We plan to extend manufacturing facilities in Sri Lanka. The present
volatile situation in the country will not hamper business opportunities
as apparel is a growing market segment. We are assured of a win-win
situation, he said.
The product range will be on mid-price, premium and super premium to
cover different strata of society.
Hameedia today enjoys the enviable position of being the leading
menswear specialist with a rapid expanding clientele in Sri Lanka and
overseas markets such as India, the Maldives, Norway and Czech Republic. |