📈 Emerald Clothing Acquires Hela Apparel Assets to Stabilize Exports

Emerald Clothing (Pvt) Ltd has intervened to acquire and manage key operations of Hela Clothing (Private) Limited following the latter’s liquidity constraints. The move is designed to protect Sri Lanka’s reputation as a reliable sourcing hub and prevent supply chain disruptions. • Operational Scope: Emerald takes over management of key manufacturing facilities in Thihariya and Palapathwala, along with design and development centers in the United Kingdom and the United States. • Employment Impact: The transition secures several thousand jobs across multiple facilities, safeguarding livelihoods within the apparel & textiles sector. • Export Continuity: Focus remains on fulfilling international buyer commitments and ensuring zero disruption to customer deliveries despite global demand shifts. • Strategic Goal: Priority is placed on operational discipline and customer retention to maintain confidence in Sri Lanka’s export base during a period of local financial pressure. _Note: Based on initial transition reports; specific financial terms were not disclosed._