Abu Dhabi retail giant LuLu in talks to open in Israel

LuLu has annual income of $8 billion and operates 227 stores and 24 browsing malls in 22 nations in the Middle East, Asia, the US and Europe.

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Retail grocery store huge Lulu Group Intercontinental is in talks with Israeli govt officers at the Ministry of Financial state and Sector about the chance of working retailers in Israel. The Indian company, which is headquartered in Abu Dhabi, has outlets in the course of the Arab earth and East Asia.

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LuLu has annual profits of $8 billion and operates 227 retailers and 24 purchasing malls in 22 nations in the Middle East, Asia, the US and Europe. About 1 million shoppers shop in its merchants all over the world each and every day. In addition, the business has 1.1 million consumers who invest in on line from its web page.

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The firm has two manufacturing options, which create its have personal label goods together with corn flakes, oil, pasta, sauces and much more.

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LuLu Group’s interest in Israel will come challenging on the heels of the news previously this thirty day period that world retailing big Carrefour had signed a deal with Electra Purchaser products (TASE: ECP) to change its chain of 150 Yeinot Bitan shops into Carrefour supermarkets.

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Printed by Globes, Israel organization information – en.globes.co.il – on March 21, 2022.

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© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

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LuLu Abu Dhabi Photo: PR

LuLu Abu Dhabi Picture: PR