Lanka Sathosa
Retail and wholesale chain in Sri Lanka / From Wikipedia, the free encyclopedia
Lanka Sathosa also known as Sathosa is a wholesale and retail chain located in Sri Lanka. It is considered to be the largest state-owned retail chain in the country and was established in 2005.[1] Sathosa was incorporated as a state-owned enterprise under Companies Act no 7 of 2007 and it is regulated by the Ministry of Trade, Commerce & Food Security. The main function of Lanka Sathosa Limited is to set prices of many essential items in the domestic retail market.
Company type | retail chain, state owned company |
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Industry | Retail, Wholesale |
Founded | 2005; 19 years ago (2005) |
Defunct | September 30, 2023 (2023-09-30) |
Headquarters | Slave Island, Colombo-02 , Sri Lanka |
Number of locations | 441+ (2023) |
Area served | Sri Lanka |
Key people | Pasanda Yapa Abeywardene - Chairman S S Senawatte - Chief Executive Officer |
Products | Supermarket Hypermarket Superstore |
Brands | LSL |
Revenue | Rs. 5.5 billion Per month |
Owner | Ministry of Trade, Commerce and Food Security |
Number of employees | 4,000+ (2023) |
Website | www.lankasathosa.org |
Pasanda Yapa Abeywardena was appointed as the chairman of Lanka Sathosa in August 2022.[2] As of 2023, the retail chain expanded its branch of network beyond 441.[3] Lanka Sathosa has also guaranteed to sell essential items at concessionary prices during tough times including the coronavirus pandemic in the country.[4]