Business Times

Laugfs SunUp 'never sleeps' - CEO

W.K.H. Wegapitiya-controlled Laugfs's SunUp supermarkets recently reiterated its "never sleeps" committment by way of a statement by the unit's Chief Executive R. Dahanayake. In it he indicated that SunUp outlets would be "twenty four hourly operative for seven days in the week of three hundred & sixty five days of the year (24/7/365)" and further noted that outlets had, so far this year, been kept open during Vesak, Thai Pongal, Christmas, Poyas and Good Friday. Every holiday, in fact, religious or otherwise.

Additionally, Mr. Dahanayake further revealed that Laugfs Gas's fuel stations and SunUp's supermarkets had also been kept open on "14th of April when the nation [was] upholding the traditions of Sinhala/Tamil New Year."

Saying it has captured 15% of the country's supermarket marketshare, or 16,000 customers, by way of its 26 outlets island-wide, SunUp has already signalled plans to list in 2012, according to media reports.
Further indicated, investments to the tune of Rs. 300 million in three 30,000 square feet hypermarkets in Battaramulla, Wattala and Colombo.

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