Arpico Retail

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Richard Pieris Distributors Limited (RPDL) operates under the “Arpico” banner a chain of 17 supercenters and superstores, 20 Arpico Daily convenience stores, and 19 showrooms including furniture outlets spread across Sri Lanka. The store network is involved in the retail sale of a wide selection of product categories including fast moving consumer goods (FMCG), fresh products such as vegetables, meats poultry, fish etc., baked goods, and general merchandise categories such as household goods, furniture, electronics and domestic appliances.IFC is considering an investment in RPDL to support expansion of its retail operation/business and to install solar rooftop modules on its retail stores. The project cost is estimated at US$20 million and the proposed investment is up to US$ 15 million comprising of an A-Loan of US$7.5 million from IFC’s own account and a senior loan of US$7.5 million from IFC in its capacity as the implementing entity of the Canada Climate Change Program (CCCP).