Recent reports cited that the company was preparing to take over 200 outlets of Lanka Sathosa, which is currently facing a steep decline due to the administration weaknesses of its' Chairman.
However, economic analysts say that this situation could lead to a monopoly.
Cargills is currently selling products produced or packaged under their own brand 'My Choice' and these are available according to consumer demand (as shown below), usually at a slightly lower cost than competing product brands.
This also imposes a major impact on small and medium scale entrepreneurs.
We will reveal further details soon.
Related articles :
