Softlogic Holdings PLC announce that the Company's fully owned subsidiary, Softlogic Retail Holdings (Pvt) Ltd has been granted the manufacturing license and distribution rights and the exclusive retail franchise rights for "Bata" and Bata products in Sri Lanka.

Softlogic Retail Holdings (Pvt) Ltd has also acquired 100% stake in Footwear Retailer Ltd, formerly known as Bata Shoe Company of Ceylon Limited on 14th September 2023 for a value of Rs 293 million.

The incorporation of the company dates back to 1950 and has over a period of 73 years manufactured and distributed Bata products in Sri Lanka.

Footwear Retailer Ltd (Bata Shoe Company of Ceylon Limited) employs over 150 staff and Is equipped with a manufacturing plant in Ratmalana, a wide network of retail stores and department stores with a product portfolio of more than 20 brands and labels