Monday Jul 13, 2026
Monday Jul 13, 2026
Thursday, 9 July 2026 05:55 - - {{hitsCtrl.values.hits}}
Hela Apparel Holdings PLC has appointed Emerald Investments Ltd., to manage the operations of its Egypt manufacturing facility as the company moves to address working capital challenges affecting the overseas operation.
In a corporate disclosure, Hela said Hela Clothing Egypt S.A.E., a fully owned subsidiary of Hela Investment Holdings Ltd., which in turn is a subsidiary of Hela Apparel Holdings PLC, was experiencing working capital constraints and that the company and its shareholder were implementing an operational stabilisation program to ensure continuity of operations and revenue generation.
Under the arrangement, Emerald Investments has been appointed as the Manager of the Egypt facility under a Management Service Agreement signed on 7 June with Hela Investment Holdings Ltd.
The management arrangement will remain in place until 31 December 2026, during which Emerald Investments will oversee manufacturing operations and employee management at the factory, enabling continued production and delivery of apparel orders to global customers.
Hela said Emerald Investments was selected based on its experience in apparel manufacturing and demonstrated capabilities, including the required skills, expertise, and personnel to manage production operations.
The agreement also provides Emerald Investments with an option to acquire Hela Clothing Egypt S.A.E., subject to terms agreed between the parties and the company’s creditors.
Hela Clothing Egypt S.A.E. operates an apparel manufacturing facility in Egypt producing garments for global brands for export markets. Hela Investment Holdings holds a 99% stake in the Egyptian subsidiary.
