Lulu Group starts US operations


November 5, 2016 | By RetailME Bureau

Abu Dhabi headquartered Lulu Group International further expands its operations by opening food processing and logistics bases in the US. Y International, a wholly-owned subsidiary of the group launched its operation in Lyndhurst, New Jersey on November 2, 2016.

The world-class export centre will purchase, process, re-label and export food, non-food, chilled and frozen products made in the US. In the first phase there are 75 employees, which is expected to eventually grow to 200 to 250 employees within a year.

The facility was formally inaugurated jointly by Mayor Robert B Giangeruso, Mayor Michael J McPartland and Vinai Thummalapally, the executive director of Select USA in the presence of chairman Yusuffali MA, CEO Saifee Rupawala, CEO, executive director Ashraf Ali MA and director of Lulu Group Mohamed Althaf,.

Yusuffali thanked the officials of Select USA, Choose New Jersey and State & County officials for their great support in helping Lulu launch their maiden venture in the US.

“In addition to bringing new jobs to our state, Y International’s export centre will give New Jersey and US manufacturers the opportunity to reach new markets in the Middle East and beyond,” says Michele Brown, CEO and president, Choose New Jersey.

The $6.6 billion turnover Lulu Group operates hypermarkets, supermarkets and shopping malls, in addition to wholesale distribution, food processing and hospitality with operations in 37 countries, including the GCC, India and Far East. The company has a 32% market share in the Middle East.

Commenting on New Jersey being a perfect fit for Y International, Brown adds, “Our state is so diverse; we have populations from so many different countries. We felt they would feel both welcome and at home. The business they will be conducting out of this site is meeting American companies to buy goods and products to then export to their own consumer base. We have literally thousands of companies in food in New Jersey.”

New Jersey, Brown said, is also home to companies in the apparel and consumer goods industries, which could serve the needs of the company’s hypermarkets.

“Our group has been importing US products for a long time to cater to more than 700,000 shoppers who come to our 131 hypermarkets daily,” shares Yusuffali highlighting the longstanding relationships between Lulu and farmers and manufacturers in the country, with a special emphasis on California. “There has been growing demand for US products throughout our retail chain stores, across the GCC, India and Far East,” he adds.

As per the latest report by Deloitte International, Lulu is ranked among the top 10 fastest-growing retailers in the world.

An official from the Bahrain embassy in Washington DC, Mohamed Bahzad, said Lulu Group, aside from being successful, also is known for its corporate social responsibility. Bahzad said that a strong relationship with the US is a core strategy for Bahrain, where Lulu is opening its 10th market, and anticipates a market will open soon in the US.

Comments

comments

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /


Lulu Group partners with Amazon expanding grocery offerings to online customers in the UAE

Abu Dhabi based grocery retail chain Lulu Group has partnered with Amazon 

Continue Reading

November 24, 2022 | By RetailME Bureau
Food Tech Valley partners with Tradeling to boost UAE’s food ecosystem

UAE-government-led initiative Food Tech Valley – announced in 2021 by His Highness 

Continue Reading

November 17, 2022 | By RetailME Bureau
Lulu Hypermarket to open in The Dubai Mall in 2023

Abu Dhabi-based supermarket chain Lulu Hypermarket is all set to open in 

Continue Reading

November 10, 2022 | By Rupkatha B
Beyond Meat’s Q3 2022 results “disappointing”

Plant-based meat brand Beyond Meat’s financial results for the third quarter of 

Continue Reading

November 10, 2022 | By RetailME Bureau
Barakat unveils new biodegradable packaging

UAE’s fresh produce brand Barakat has launched bio-degradable packaging across its entire 

Continue Reading

October 27, 2022 | By RetailME Bureau
Pure Harvest CEO Sky Kurtz

UAE-based agritech start-up Pure Harvest Smart Farms has signed a Memorandum of 

Continue Reading

October 27, 2022 | By RetailME Bureau
Carrefour signed up as anchor tenant for Midtown Project

Carrefour, owned and operated by Majid Al Futtaim – Retail in the 

Continue Reading

October 27, 2022 | By RetailME Bureau
Grandiose Supermarket announces country-wide expansion plans

Grandiose Supermarket, part of Ghassan Aboud Group, has announced expansion plan in 

Continue Reading

October 26, 2022 | By Rupkatha B
100 years of Valrhona

The Valrhona journey began 100 years ago with a cocoa bean. Since 

Continue Reading

October 24, 2022 | By Justina Eitzinger
On-demand grocery delivery in 15 mins

Deliveroo UAE has announced the expansion of its rapid grocery delivery service 

Continue Reading

October 24, 2022 | By RetailME Bureau
Mariam bint Mohammed Almheiri, Minister of Climate Change and Environment

The Ministry of Climate Change and Environment (MOCCAE) revealed that the UAE 

Continue Reading

October 17, 2022 | By RetailME Bureau

Abu Dhabi-based leading supermarket chain Lulu Group has appointed investment bankers Moelis 

Continue Reading

October 13, 2022 | By RetailME Bureau




f
Download Images RetailME Magazine