Lulu Group ventures out in Sri Lanka

May 17, 2017 | By RetailME Bureau

UAE-based retailer Lulu Group has inaugurated a world-class sourcing, food processing and export unit in Sri Lanka. The move will further boost its sourcing operations and help bring quality products for its large chain of hypermarkets.

Sagala Ratanayaka, chief of staff to the prime minister & minister for law & order and Southern Development, inaugurated the group’s project. Y.A.S. Lank. Duminda Disanake, agriculture minister; Navin Disanayake, minister of plantation industries; Eran Wickramaratne, state enterprise development minister; Yusuffali MA, chairman of Lulu Group; and other officials attended the ceremony.

Ideally located in the Katanayake Export Processing Zone, near Colombo International Airport, the facility will primarily focus on sourcing, processing, storing, packaging and exporting of fruits, vegetables and commodities from Sri Lanka to various Lulu operations around the world.

“It is part of our ongoing strategy to set up own sourcing and food processing units around the world to ensure uninterrupted supply and maintain competitive pricing by eliminating third parties. Sri Lanka has a vast variety of fruits, vegetables and an extensive range of commodities. We are working closely with the Ministry of Southern Development and the Government of Sri Lanka to boost the export of these. We are already exporting about $5 million worth of fruits, vegetables and commodities, which could increase to $10 million by the end of first year,” says Yusuffali.

The quantum of exports is set to rise from the current 3,500 tonnes to 7000 tonnes.

Currently Lulu Group operates 134 hypermarkets in 10 countries in the GCC, Egypt, India and the Far East and employs over 40,000 people. Last year, the group recorded an annual turnover of $6.9 billion and was ranked as the number one retailer in the Middle East & North Africa region and one of the top 50 fastest growing retailers in the world, according to Deloitte.

Previous Article Next Article



In a move set to redefine the landscape of the Fast Moving 

Continue Reading

May 16, 2024 | By RetailME Bureau
Sunil Kumar and Ali Saeed Juma Albwardy, Spinneys

One of UAE’s leading fresh food retailers, Spinneys has announced its intention 

Continue Reading

April 19, 2024 | By RetailME Bureau
Laura Manning, Managing Director & Founder, BRW Society

Launched in 2019 by Laura Manning, UAE-based homegrown brand BRW Society completes 

Continue Reading

April 5, 2024 | By Rupkatha B
Rajiv Warrier, Chief Executive Officer, Choithrams

Since the launch of its first store in the UAE five decades 

Continue Reading

March 20, 2024 | By RetailME Bureau
Dr. Dhananjay Datar Chairman & Managing Director ADIL Trading Co. LLC

Dr. Dhananjay Datar Chairman & Managing Director ADIL Trading Co. LLC holds 

Continue Reading

February 29, 2024 | By Rupkatha B
Hani Weiss, Chief Executive Officer, Majid Al Futtaim Retail

In 1995 regional retail conglomerate Majid Al Futtaim introduced Carrefour to the 

Continue Reading

February 26, 2024 | By RetailME Bureau
Prashant Parameswaran, Managing Director and Chief Executive Officer of Tata Consumer Soulfull

Tata Soulfull, a leading name in the ‘good-for-you’ snacks and breakfast cereals 

Continue Reading

February 22, 2024 | By Rupkatha B
Jean-Luc Graziato, Chief Commercial Officer of Majid Al Futtaim – Retail and Alia Al Harmoodi, Acting CEO of the Environment, Health and Safety Agency

Majid Al Futtaim – Retail, which holds the exclusive franchise to operate 

Continue Reading

February 20, 2024 | By RetailME Bureau
Krishna Dhanak, Managing Director, Alpen Capital

In an exclusive interview Krishna Dhanak, Managing Director, Alpen Capital shared insights 

Continue Reading

February 19, 2024 | By Rupkatha B
Majed M. Al-Tahan, Co-founder & Managing Director, Danube Online

As digital transformation across the retail industry continues to accelerate, the expectations 

Continue Reading

December 19, 2023 | By RetailME Bureau
Frederic Levy-Perrault, CEO, Al Raya Supermarket

Saudi Arabia-based grocery retail chain Al Raya Supermarket serves over 100,000 customers 

Continue Reading

December 15, 2023 | By RetailME Bureau
Ahmad AR. BinDawood, Chief Executive Officer, BinDawood Holding

BinDawood Holding has a rich Saudi heritage, spanning over 50 years, 38 

Continue Reading

December 13, 2023 | By RetailME Bureau

Download Images RetailME Magazine