Stanley Lifestyles Limited has informed the Exchange about General Updates
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Stanley Lifestyles Limited has signed an exclusive Distribution and License Agreement with Singer (Sri Lanka) PLC. Through this partnership, the company will market and distribute its products under the 'Sofas & More' format in Sri Lanka. The agreement is subject to mutually agreed terms and conditions. This marks the company's entry into the Sri Lankan market, leveraging Singer's local presence and distribution network. Further updates will be shared as developments occur.
This is a positive step towards international expansion, giving the company access to the Sri Lankan furniture market through an established local partner, which could support future revenue growth.