Sri Lankan apparel firms seek to manufacture for Zara
COLOMBO, Nov 25, 2014 (EconomyNext) – Sri Lankan apparel firms, already supplying the likes of Victoria’s Secret and Nike, have met with buyers from Zara, in a bid to manufacture for the global clothing brand.
Representatives from the island’s top apparel exporters, Brandix Lanka, Timex & Fergasam Garments and Union Apparel met heads of sourcing teams of different product groups of Spain’s Inditex, which owns the Zara brand, an Industry and Commerce Ministry statement said.
The six member delegation’s visit was arranged by the Export Development Board which is helping the industry widen its sales to reach an annual earnings target of five billion dollars by 2016.
Inditex ranks as the world’s largest textile retailer by sales, and owns such international retail brands as Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius and Oysho with total sales in 2013 of over 20 billion dollars.
“Inditex is known by its oldest and biggest brand, Zara. Though the apparel sector caters to many international brands such as Victoria’s Secret, Gap, Nike, Tommy Hilfiger, and Marks & Spencer we have still not been able to manufacture to Zara brand," said EDB Director Chitranjali Dissanayake.