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March 7 (bdnews24) – Sri Lanka-based Softlogic Holding Plc subsidiary Softlogic Retail Holdings is buying Bangladeshi chain superstore Agora by acquiring a 100% stake in it.
Softlogic drives the retail sector of the Softlogic Group encompassing synergies from its multi-brand and multi-channel strategy, focused on enhancing the retail landscape in Sri Lanka.
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Agora Ltd, headquartered in Dhaka, is a retail superstore that operates a chain of hypermarkets, discount department stores, and grocery stores.
Softlogic employs over 11,000 people in Sri Lanka and Australia and operates an asset base of over $750 million to generate an annual turnover of more than $420 million.
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Source: NewsAsia
