Lulu Group launches op­er­a­tions in USA

Opens food pro­cess­ing and lo­gis­tics cen­ter in New Jersey

Kuwait Times - - BUSINESS -

Lulu Group In­ter­na­tional, the Abu Dhabi head­quar­tered re­tail and hospi­tal­ity group fur­ther ex­panded their op­er­a­tions by inau­gu­rat­ing their food pro­cess­ing and lo­gis­tics bases in USA. Y In­ter­na­tional, a wholly owned sub­sidiary of the group launched its op­er­a­tion in Lyn­d­hurst, New Jersey this morn­ing.

The world -class ex­port cen­ter 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 I 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 Yusuf­fali MAChair­man, Saifee Ru­pawala, CEO, Ashraf Ali MA Ex­ec­u­tive Di­rec­tor and Mohd. Althaf - Di­rec­tor of LULU Group. At­ten­dees at the rib­bon cut­ting, in­clud­ing lo­cal and for­eign of­fi­cials as well as mem­bers of the In­di­anAmer­i­can busi­ness com­mu­nity from around the coun­try, were thrilled by the im­pact the com­pany can have through­out the state.

In his re­marks Yusuf­fali MA thanked the of­fi­cials of Select USA, Choose New Jersey and state and county of­fi­cials for their great sup­port in help­ing LULU launch their maiden ven­ture in USA. “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,” Yus­u­fali added 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 con­cluded.

Speak­ing to me­dia dur­ing the cer­e­mony Choose New Jersey CEO and Pres­i­dent Michele Brown said “In ad­di­tion to bring­ing new jobs to our state, Y In­ter­na­tional’s ex­port cen­ter will give New Jersey and US man­u­fac­tur­ers the op­por­tu­nity to reach new mar­kets in the Mid­dle East and be­yond.”

“Y In­ter­na­tional USA’s de­ci­sion to es­tab­lish their first ex­port dis­tri­bu­tion cen­ter in the United States of­fers the com­pany ex­cit­ing new op­por­tu­ni­ties in the world’s largest con­sumer mar­ket, as well as en­hanced ac­cess to hun­dreds of mil­lions of global con­sumers,” said Vi­nai Thum­mala­pally, ex­ec­u­tive di­rec­tor, Selec­tUSA. “We look for­ward to work­ing closely with all par­ties as the in­vest­ment pro­gresses - and ex­tend our warm­est con­grat­u­la­tions to Lulu Group In­ter­na­tional, Choose New Jersey, and the com­mu­nity of Lyn­d­hurst.”

The US$ 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 per­cent mar­ket share in the Mid­dle East.

Brown said New Jersey is a per­fect fit “Our state is so di­verse; we have pop­u­la­tions from so many dif­fer­ent coun­tries,” she said. “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,” she said. “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. As per the lat­est re­port by Deloitte In­ter­na­tional, LULU is ranked among the Top 10 fastest-grow­ing re­tail­ers in the world.

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