Financial Times

Hameedia's upgrades factories, launches new products


At a time when many companies are battening down their hatches and attempting to weather an increasingly gloomy financial forecast, one company, at least in Sri Lanka, appears to be bucking the trend with indications of 'upgrades' across the board. Hameedia's Managing Director, Fouzul Hameed, at Tuesday's launch of the company's "Groom's Studio", announced that the company had embarked on a series of upgrades to factories and other facilities.

This includes the hiring of an Italian consultant which, according to Mr. Hameed, would allow the company to "get ready for the good years to come". Indicating 2009 to be an 'exciting year' for Hameedia's, Mr. Hameed further remarked that the company had already begun a process whose end result would be the elevation of many of the company's products to world class status, while also insinuating inroads into luxury products categories. In fact, Mr. Hameed also noted that although Hameedia's was synonymous with menswear, the company did not want to be known exclusively as a menswear company as they additionally featured product offerings for the entire family.

Mr. Hameed's remarks were made at the launch of Hameedia's "Groom's Studio", a specialised consultancy service for bridegrooms and their wedding 'retinues', which encompasses a dedicated 2,000 square foot floor at the rooftop of Hameedia's 10,000 square foot Flagship Store at 34 Galle Road, Colombo 6. This new service offers to provide bridegrooms help with not only wedding clothes and accessories but also in areas such as skin care, posture, manners, etc.

Also speaking at the event, Chief Guest Clive Haswell, Chief Executive Officer of Standard Chartered Bank, congratulated Hameedia's on its innovation while further noting, in reference to the current business climate, "now is the time to dig deep for ideas".

Top to the page  |  E-mail  |  views[1]
Other Financial Times Articles
> Invisible hand behind Tax Dept. changes
> Stocks seen rising, companies expect boom when war ends
> At least 50,000 workers lose jobs since January
> Finance companies- confidence yet to be restored
> IMF team in Colombo to discuss $1.9 bln loan
> GK depositors reveal hidden agenda of Ceylinco Consolidated
> Braille bills
> Tackling the recession - COMMENT
> Motor Insurance – What you need to know - IBSL
> Bakery entrepreneur's environmental initiative cuts costs in the business
> Global crisis could be blessing to corporate sector
> Keells Supermarkets offer purchases thro' Internet
> Bidding deadline for South Container Terminal project extended
> Coca-Cola launches Minute Maid Mango
> Banks deny claims of restricted lending
> AMW scholarships and long service awards
> Hameedia's upgrades factories, launches new products
> 17th Annual NCE Export Awards for 2008
> Kotelawala transferred to Prison Hospital
> Ceylinco Finance PLC to be strategically repositioned
> Controversy plagues Chillies again
> Sri Lanka Tourism gears up for post-conflict
> Companies given notice to re-register
> Ceylinco Savings Bank name changed to MBSL Savings Bank
> MBSL reviving failed F&G, interest payments being made
> Business executives to the fore in relief work
> War not affecting GSP+ prospects
> More FR petitions by Ceylinco Depositors
> Bribery Commission finalizing probe in LMS deal
> Mandatory offer gain at Rs 185 million for Eagle
> Tea pluckers earn only around Rs 3,500 per month
> Synergy teams up with Hemas for ‘Insight Out’
> Emirates SkyCargo supports relief effort in Sri Lanka
> IMF streamlines conditions for programmes
> Honda re-launches 'Wing Mark' in Colombo
> Symposium on global recession, options for employers


Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2008 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution