LuLu invests $22 million in new Birmingham hub
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LONDON: Retail giant LuLu Group International, headquartered in the UAE capital, has confirmed it is investing £15 million ($22 million) in a new 124,000 sq ft European headquarters in Birmingham’s Advanced Manufacturing Hub (AMH), Arab News reported.
Through its UK-based subsidiary, Y International, LuLu Group will process, package and export 10,000 different products from the Midlands to more than 160 hypermarkets across the Middle East, Africa, Asia and the Far East.
Y International works with a wide range of businesses, transporting UK products 3,000 miles to the Gulf and beyond.
Its suppliers include Lovemore, a gluten-free, baked goods company from Aberdare, Wales; Somerset-based The Traditional Free Range Egg Company and Mission Foods, which produces flatbreads in Coventry.
LuLu Group’s portfolio includes hypermarkets, shopping malls, trading, shipping, IT, travel & tourism and education. The company has an annual turnover of more than US $6.9 billion (£5.2 billion).