Abu Dhabi retail giant LuLu in talks to open in Israel

Supermarket giant Lulu Group International is in talks with Israeli government officials from the Ministry of Economy and Industry about the possibility of operating stores in Israel. The Indian company, headquartered in Abu Dhabi, has stores throughout the Arab world and East Asia.

LuLu has annual sales of $8 billion and operates 227 stores and 24 shopping centers in 22 countries in the Middle East, Asia, the US and Europe. Every day, approximately 1 million consumers shop in its stores worldwide. In addition, the company has 1.1 million consumers who buy online through its website.

The company has two production plans, producing its own private label products, including cereal, oil, pasta, sauces and more.

The LuLu Group’s interest in Israel comes just after news earlier this month that global retail giant Carrefour had signed a deal with Electra Consumer Products (TASE:ECP) to convert its chain of 150 Yeinot Bitan stores to Carrefour. -supermarkets.

Published by Globes, Israel business news – en.globes.co.il – on March 21, 2022.

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