Breaking News

Abu Dhabi retail giant LuLu in talks to open in Israel

LuLu has yearly profits of $8 billion and operates 227 stores and 24 buying malls in 22 countries in the Center East, Asia, the US and Europe.

&#13
&#13

&#13

Retail supermarket giant Lulu Team Worldwide is in talks with Israeli govt officers at the Ministry of Financial system and Business about the probability of running outlets in Israel. The Indian organization, which is headquartered in Abu Dhabi, has retailers throughout the Arab environment and East Asia.

&#13

LuLu has once-a-year income of $8 billion and operates 227 retailers and 24 shopping malls in 22 nations in the Center East, Asia, the US and Europe. About 1 million people store in its stores around the globe every day. In addition, the enterprise has 1.1 million shoppers who invest in on the internet from its website.

&#13
&#13
&#13
&#13

&#13
&#13
&#13
&#13

The business has two producing ideas, which create its very own private label solutions which includes corn flakes, oil, pasta, sauces and significantly much more.

&#13

LuLu Group’s desire in Israel will come challenging on the heels of the news before this month that worldwide retailing huge Carrefour experienced signed a offer with Electra Buyer items (TASE: ECP) to change its chain of 150 Yeinot Bitan stores into Carrefour supermarkets.

&#13

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

&#13

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

&#13
&#13

&#13

LuLu Abu Dhabi Photo: PR

LuLu Abu Dhabi Image: PR