LuLu Group launches maiden US venture

Mayor Robert B. Giangeruso, Mayor Michael J. McPartland and Vinai Thummalapally, executive director of Select USA, open LuLu Group’s new food processing and logistics facility in New Jersey, in the presence of the group’s Chairman Yusuffali M.A., CEO Saifee Rupawala, Executive Director Ashraf Ali M.A., COO Saleem V.I. and directors - Mohammed Althaf and Salim M.A.
Updated 04 November 2016
0

LuLu Group launches maiden US venture

LuLu Group International, a retail and hospitality group headquartered in Abu Dhabi, has opened its food processing and logistics bases in the United States.
Y International, a wholly owned subsidiary of the group, launched its operation in Lyndhurst, New Jersey.
The world-class export center will purchase, process, re-label and export food, non-food, chilled and frozen products made in the United States.
In the first phase, there are 75 employees and the staff strength is expected to eventually grow to 200 to 250 within a year.
The facility was inaugurated jointly by Mayor Robert B. Giangeruso, Mayor Michael J. McPartland and Vinai Thummalapally, executive director of Select USA, in the presence of Yusuffali M.A., chairman, Saifee Rupawala, CEO, Ashraf Ali M.A., executive director and Mohammed Althaf, director of LuLu Group.
Attendees at the ribbon cutting, including local and foreign officials as well as members of the Indian-American business community from around the country, were thrilled by the impact the company can have throughout the state.
In his remarks, Yusuffali thanked the officials of Select USA, Choose New Jersey and state and county officials for their great support in helping LuLu launch its maiden US venture.
“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," Yusuffali said, 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 the Far East,” he added.
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 the US manufacturers the opportunity to reach new markets in the Middle East and beyond.”
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 added. “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.


Fine watchmaking expo returns to Saudi Arabia

Updated 19 March 2019
0

Fine watchmaking expo returns to Saudi Arabia

Annual horology exhibition Salon des Grandes Complications (SDGC) is returning to Saudi Arabia for the third year in a row, with shows in both Jeddah and Riyadh. The event will showcase the latest masterpieces from some of the most celebrated watchmakers in history. The fine watchmaking exhibition will kick off in Jeddah at the Hilton Hotel April 8-11, and then move to Al-Faisaliah Hotel in Riyadh April 15-18.

Salon des Grandes Complications debuted in Dubai in 2014, later branching out to Saudi Arabia due to high demand and the appreciation of exceptional timepieces in the Kingdom. 

Saudi Arabia is a key Middle Eastern market for watchmakers — last year saw a year-on-year increase in the import of Swiss watches by 6 percent, and this figure is only expected to increase with the introduction of new policies. 

The capital city of Riyadh is home to over 10,000 watch collectors while Jeddah on the other hand, is Saudi Arabia’s commercial hub, with almost as many horological aficionados estimated to live there. 

Designed to offer a platform for Maisons and enthusiasts to convene, Salon des Grandes Complications creates opportunities for knowledge to be exchanged and collectors to discover — often for the first time in the region — limited editions, the newest launches and unique rarities. 

Among the international brands that will be present at the 2019 edition are Bell & Ross, Blancpain, Breguet, Breitling, Fabergé, Girard-Perregaux, Greubel Forsey, Harry Winston, Montblanc, Rudis Sylva, TAG Heuer, Ulysse Nardin and Zenith. 

With the introduction of several new brands, there will be a more diversified display of timepieces, from innovative novelties to classic creations, grand complications and high jewelry timepieces. Also new to this year’s edition will be a private majlis (a gathering place for social events), where special talks will be hosted by various brands and experts will share their personal insights into modern day horology. 

SDGC has successfully attracted over 80 international Swiss, German and Italian brands during the past five years.

The event will be held alongside the 10th annual Jewellery Salon 2019, a well-established jewelry exhibition in the Kingdom.

SDGC 2019 will be held in partnership with Bentley Motors and with the support of the Embassy of Switzerland in Saudi Arabia.

The event will be open free of charge to all professional visitors from 4 p.m. to 11 p.m.