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Unilever Sri Lanka is a Sri Lankan consumer goods company located in Colombo. [4] It is wholly owned by Unilever, a British multinational consumer goods company. Its products include food, beauty products, personal care, pharmaceuticals, and baby products. Unilever Sri Lanka was established in 1938 as Lever Brother Ceylon Limited.
The single largest investment in the 140-plus year history of Hayleys (and the largest acquisition of a public listed company at the time) was the 10.8 billion rupee controlling stake of Singer Sri Lanka in 2017, [29] followed by the buying over of the five-star Ceylon Continental Hotel in Colombo, Sri Lanka (now known as The Kingsbury) in 2010.
[3] [4] Kasturi also became the first female group CEO of a public quoted conglomerate in Sri Lanka. [5] She was also appointed as the deputy CEO of Hemas Holdings and will resume her duties as the deputy CEO with effect from 1 July 2020. [6] On 15 December 2020, Hemas announced they will sell Serendib Hotels to LOLC Group for LKR792 million. [7]
Source: Unilever Annual Reports 2004, 2008. In 2001, Unilever split into two divisions: one for foods and one for home and personal care. [33] In the UK, it merged its Lever Brothers and Elida Faberge businesses as Lever Faberge in January 2001. [34] In 2003, Unilever announced the sale of the Dalda brand in both India and Pakistan. [35]
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
Nestlé Lanka (previously known as Nestlé Ceylon Company) is a Sri Lanka–based foods company located in Colombo, Sri Lanka. Nestlé Lanka is a subsidiary of Nestlé, a Switzerland based company. Nestlé's products include baby food, medical food, bottled water, breakfast cereals, coffee and tea. The company was founded by the Anglo-Swiss ...
On January 4, 2021, total market capitalisation crossed three trillion rupees mark for the first time. [2] Hayleys announced a stock split on January 21 of 2021 and it resulted in increasing market capitalization by over 100 billion rupees. All share price index surpassed 8000 points for the first as a result.
The company ranked 41st in LMD 100, an annual list of leading listed companies in Sri Lanka. [2] The company also ranked 31st in Business Today's Top 40 for 2020–21 financial year. [ 3 ]