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Can there be another Covid-19 wave in Sri Lanka?

Shift in tourism model with Odel acquisition Vote_lcap68%Shift in tourism model with Odel acquisition Vote_rcap 68% [ 178 ]
Shift in tourism model with Odel acquisition Vote_lcap18%Shift in tourism model with Odel acquisition Vote_rcap 18% [ 47 ]
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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Shift in tourism model with Odel acquisition

Shift in tourism model with Odel acquisition

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Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Written by The Nation

Acquisition of the Sri Lankan up market fashion retailer, Odel PLC by an Asian retail giant Parkson Retail Asia Limited has seen by market analysts as a very positive sign. They said that it could be the beginning of changing the country’s tourism model opening an array of opportunities for up market shopping.

“This is the first time a local retail chain was acquired by an international fashion retailer which I believe would result in rapid expansion of the stores. As a result tourists as well as locals will now be able to do their shopping without having to go to other destinations such as Singapore or Bangkok.

The analysts saw the recent entry of leading multinational brands such as ‘BreadTalk’ and Parkson Retail Asia as indicating a new direction in the retail sector of the country and hope it will continue with greater magnitude in the future.
http://www.nation.lk/edition/business/item/8699-shift-in-tourism-model-with-odel-acquisition.html

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Oh I sure hope too the trend continues. But maybe it is better for locals to keep 51% of shares of their companies if they are really keen in managing their business.

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