MAS holdings news and archive

MAS Holdings invests in sustainable cellulosic yarn

MAS Holdings, a global apparel and textile manufacturing and tech conglomerate headquartered in Sri Lanka with a global footprint across 16 countries, has secured a stake in HeiQ AeoniQ to support the development of next-generation cellulosic filament fibres to replace polyester and nylon. Swiss-based HeiQ produces a climate-positive cellulosic...

BusinessFeatured

Ultimo to pull out of the UK and focus on South Asia

Lingerie firm Ultimo, founded by Baroness Michelle Mone, is set to wind up its business in the UK after 22 years. The company will continue trading from its online website until April 15, while its concession stands across the country have already been closed. However, Ultimo will maintain its presence in South Asia, manufacturing and selling...