Sri Lanka's premier retail super market chain Cargills Food City announced the launch of 100 new outlets all over the country, with the opening up of its 140th outlet at Rajagiriya yesterday.
Cargills CEO Ranjit Page said: "The launch of our 140th outlet is all the more special because this outlet marks simultaneously the first of 100 more Cargills Food City outlets that will be set up in neighbourhoods across 25 districts in the coming years."
Cargills (Ceylon) is a diversified company with operations in retailing, manufacturing, restaurants and agri-business.
The company said last month that net profits in the September 2009 quarter rose 35 percent to 139 million rupees from a year earlier, and that it was planning a billion rupees in new investments in the current year.
Cargills, which own landmark buildings in Colombo Fort that were Sri Lanka's first department stores, is part of the Ceylon Theatres group which is into property development, financial services, manufacturing and plantations.
The Ceylon Theatres group is controlled by the Page family.
source - www.dailymirror.lk//www.lankabusinessonline.com
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