Industry of Sri Lanka in the fashion trade is an evolution of signage - MODEL

Industry of Sri Lanka in fashion retail is a further indication of the many developments in the local market, including supporting the entry of certain international fashion brands, says MODEL PLC. Odel announced that the leading fashion retailers in the country made this observation during his commentary on the most recent annual report. He also noted that this situation shows that the retail sector matures in Sri Lanka. Listed by Ruchi Gunawardena, President of the PLC model, many international brands are looking to tap the local market. "The entry of international brands on the market is the result of growth in tourism and the increase in consumer spending," said MODEL. It is estimated that the production of many established designers through the design schools to contribute to this development is good. "Presents some selection of these designers have established fashion brands and have their collections on forums such as Colombo Fashion Week as well as in regional and international events in fashion," added MODEL. MODEL does this boom of the talent and the entry of international brands as a promise of future industry. The fashion retail company also noted that trade between the Sri Lankan designers, retailers and consumers will certainly gain more ground. Model, which made a net profit of Rs 202 million during the year 2011/2012 of the opinion that these trends lead to healthy competition for the retailer. MODEL has been established by the Otara Gunawardena model turned entrepreneur who first established his business in the trunk of his car.