Hayleys PLC has announced plans to enter the large-scale supermarket sector, marking a major step in its 148-year history of diversification and value creation.
The Group said the move reflects its strategy to bring quality, reliability, and service excellence closer to everyday Sri Lankan consumers, while redefining the modern retail experience.
Hayleys plans to commence operations with 100 outlets across key urban and suburban areas, building a value-driven retail ecosystem that leverages its extensive reach, brand strength, and leadership in logistics, manufacturing, and services.
The entry into the supermarket sector is expected to further diversify the Group’s earnings portfolio and contribute to long-term financial stability and stakeholder value creation.
Citing improving macroeconomic conditions, increasing urbanisation, and evolving consumer lifestyles, Hayleys said it sees “tremendous potential for growth” in Sri Lanka’s retail sector. The company said the venture will reaffirm its commitment to inclusive growth and national development. (Newswire)