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LuLu Group Enhances Worldwide Sourcing Best Network with Cutting-Edge Hub in Italy 2023

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LuLu Group Enhances Worldwide Sourcing Network with Cutting-Edge Hub in Italy 2023

LuLu Group has officially inaugurated a cutting-edge sourcing, food processing, and export hub in Italy to bolster its sourcing operations and secure high-quality products for its extensive chain of hypermarkets.

The inauguration of Y International Italia, the sourcing division of LuLu Group, took place with the presence of Guido Guidesi, the Italian Minister of Economic Development, alongside Yusuffali MA, the Chairman and Managing Director of LuLu Group.

Also attending were notable figures, including Roberto Rizzardo, Head of FDI Department of Invitalia; Valerio Soldani, Director of Italian Trade Agency; Naser Al Khaja, Charge d’affaires at the UAE Embassy in Italy; Dr. Nasser Al Balooshi, Bahrain Ambassador to Italy; Cesare Trevisani, Chairman of the Arab Chamber of Commerce of Italy; Mohamed Althaf, Director of LuLu Group; Alessandro Simone, Country Head of LuLu Group in Italy, and other dignitaries.

This strategic move by LuLu Group aims to strengthen its sourcing operations from Italy and neighboring European countries, ensuring continuous supply and price stability for food products.
Situated at the World Trade Center Malpensa Airport in Milan, this state-of-the-art facility will primarily focus on sourcing, processing, storing, packaging, and exporting high-quality food products from Italy to over 255 LuLu Hypermarkets spread across GCC countries, Egypt, India, Indonesia, and Malaysia.

The primary product categories include various items such as cheeses, chocolates, fruit jams, sweet and puff pastries, organic pasta, infused extra-virgin olive oil, and premium salt from renowned Italian brands. Besides packaged food products, the center will also source and export various fruits and vegetables, particularly apples, grapes, kiwis, olives, and more.
Chief Guest Mr. Guidesi expressed his enthusiasm for LuLu Group’s new project in Italy and pledged the highest support and cooperation to strengthen trade ties between Italy and the Arab world.

Yusuffali MA, Chairman of LuLu Group, highlighted the strategic importance of setting up their sourcing and food processing units worldwide to ensure a seamless supply chain and competitive pricing by eliminating intermediaries. He emphasized Italy’s unique cuisines and diverse agricultural produce, expressing the Group’s commitment to working closely with the Italian Trade Agency to promote Italian brands through “Italian Food Festivals” across their hypermarkets.

LuLu Group initially plans to initiate exports worth €50 million and anticipates reaching €200 million within two years. The Group is also collaborating with farmers’ cooperative societies to source fruits and vegetables, which is expected to positively impact Italy’s agricultural sector and generate significant employment opportunities.

With its headquarters in Abu Dhabi, United Arab Emirates, LuLu Group boasts an annual turnover of US$8 billion and employs over 65,000 individuals from 43 countries. According to Deloitte, it holds the top position as the No.1 retailer in the Middle East and North Africa region and ranks among the Top 50 fastest-growing retailers globally.

LuLu Group’s expansion into Italy adds to its network of food processing centers in the UK, USA, Spain, Turkey, Vietnam, Thailand, China, South Africa, and other regions.

GSN

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