ODEL sustains 21% sales growth at 3Q ODEL has reported turnover of Rs 3.47 billion for the nine months ending 31st December 2012, posting healthy top line growth of 21 per cent over the corresponding period of the previous year.Read more
ODEL featured in new international business guide Otara Gunewardene’s success in building ODEL as a brand and a business has become a case study in an international bestseller by fashion guru Toby Meadows, Visiting Lecturer at the London College of Fashion and consultant to the industry.Read more
ODEL up 21% with record Rs 2.1 billion revenue Sales at ODEL crossed a milestone Rs 2 billion in the first six months of 2012-13 to reach Rs 2.1 billion at 30th September, Sri Lanka’s leading fashion and lifestyle retailer has reported.Read more
ODEL announces significant change in ownership Parkson Retail Asia to buy 41.8% stake for Rs 1.424 bn. triggering mandatory offer; Rights issue of 1 for 1 to follow Read more
ODEL sales up 15% to Rs 3.8 billion in 2011-12 ODEL has posted sales of Rs 3.8 billion and profit before tax of Rs 264 million for the 12 months ending 31st March 2012, a year of significant expansion-related capital expenditure for Sri Lanka’s upmarket fashion retail brand. Read more
ODEL to host international retail conference in Sri Lanka Retail professionals from some of the World’s top department stores are due in Sri Lanka this month for a three-day conference that will generate valuable exposure for the country’s retail sector. Read more
ODEL’s 2nd ‘Luv SL’ store opens in Kandy Kandy’s majestic colonial era landmark that houses the popular Queen’s Hotel has been chosen as the location for the second ‘Luv SL’ store of ODEL, which opened in the hill country capital this week. Read more
ODEL launches Loyalty Card ODEL, Sri Lanka’s favourite fashion and lifestyle retail chain, has launched a Loyalty Card which rewards regular shoppers at its stores with ‘Loyalty Points’ which can be redeemed for free purchases. Read more
ODEL opens exclusive ‘Men’s’ store at Kandy City Centre Just seven months after giving shoppers in Kandy their very own ‘ODEL experience,’ Sri Lanka’s premier fashion and lifestyle brand has opened a second store at the Kandy City Centre (KCC) exclusively for men. Read more
ODEL unveils ‘Luv SL’ at Dutch Hospital shopping precinct A love for Sri Lanka and things uniquely Sri Lankan has inspired top fashion and lifestyle retailer ODEL to launch a sub brand for a range of home-grown products in the fashion, accessories, souvenirs and household items categories that are to be retailed in a new format of stores. Read more
ODEL Wattala opens in typical style Wattala came vibrantly alive when ODEL opened its new five storey store to cater to the fashion and lifestyle needs of this busy suburb. Read more
Kandy embraces ODEL Kandy will be the first location outside the Greater Colombo area to have its own ODEL experience, when Sri Lanka’s premier fashion and lifestyle brand opens its latest store at the Kandy City Centre, on Friday, 20th May. Read more
ODEL takes the best of fashion to Kiribathgoda Kiribathgoda is the latest suburb to boast of its own ODEL store, following the opening of the 14th outlet of Sri Lanka’s premier fashion and lifestyle brand in the heart of the town. Read more
ODEL posts strong 9-month growth on booming sales Consistent growth in sales across the chain and the expected seasonal spike in December 2010 have combined to generate robust nine-month fiscal results for ODEL, Sri Lanka’s only public quoted fashion retailer. Read more
ODEL joins IGDS Sri Lanka’s premier fashion and lifestyle brand ODEL has been conferred membership of the Intercontinental Group of Department Stores (IGDS), the largest association of department stores in the world. Read more
Equitable Share Allotment in Record ODEL IPO Every valid application among the 22,548 received for shares of ODEL at the company’s record-setting Initial Public Offer is to be allocated shares… Read more
ODEL IPO over 63 times oversubscribed True to its meteoric rise to brand stardom, ODEL has created history in the annals of the Colombo Stock Exchange (CSE) with its initial public offer… Read more
Oomph Odel Iconic lifestyle store chain`s Rs.250.5 million ignites lusts among investors with Rs.16 billion worth of applications from nearly 23000 triggering an unprecedented 64 times oversubscription… Read more
Odel IPO Heavily Oversubscribed The initial public offer (IPO) of ODEL opened for subscription yesterday, was closed the same day as it was heavily oversubscribed… Read more
OTARA; Her Success Story From selling surplus garment items from the boot of her car, to opening up a world renowned clothes store in Sri Lanka, she is all about being innovative and creative… Read more
Odel IPO Opens Tomorrow for Public Seeking to raise Rs. 250.5mn for expansion, Sri Lanka’s definitive lifestyle retail brand is offering employees and members of the public an 11.52 per cent stake in its equity… Read more
ODEL dazzles Sri Lanka`s iconic lifestyle store chain ODEL is tipped to set a record for oversubscription for an Initial Public Offering(IPO) of shares… Read more
ODEL IPO Investor forum and Press Conference The Initial Public Offering of ODEL was officially announced yesterday at a press conference held at Cinnamon Grand Hotel… Read more
Sri Lanka Odel annual profits Rs.142mn – LBO Sri Lankan retailer Odel said it made 141.8 million rupees in net profits last year, as sales recovered and margins improved… Read more
Odel Invites the Public to Share in its Success A rare opportunity presents itself for the public to share in the runaway success of a premium lifestyle brand when ODEL PLC formally opens its initial public offer… Read more
Shopping with your senses What is the magic of ODEL? Any visit to Colombo is not worth its salt if one has not visited this shopping mall. I hope that does not sound like… Read more
Odel to list 250.5 million rupees worth shares at the Colombo Stock Exchange Sri Lanka's trendiest department store, Odel is to raise 250.5 million rupees from its Initial Public Offering (IPO) next month… Read more
Odel to Raise 250.5 Million Rupees: Sri Lanka IPO Alert The Colombo-based company plans to raise 250.5 million rupees ($2.2 million) selling shares for the first time, according to a circular from the Colombo Stock Exchange… Read more
Sri Lanka's ODEL offers shares to the public ODEL, Sri Lanka’s fashionable departmental store chain, has finally announced that it’s going public, hoping to raise Rs 250.5 million from a share issue… Read more
Odel to raise Rs. 250.5 The local fashion retailer Odel is to raise Rs.250.5 million through an initial public offering. Company will offer 16.7 million ordinary voting shares… Read more
Otara excited over Odel listing Fashion icon and self-styled entrepreneur Otara Gunewardene is excited over the opportunity for the public to be part of her future success and growth… Read more
