Indian-owned supermarket giant Lulu Group International, with headquarters in Abu Dhabi in the United Arab Emirates, is negotiating with Israeli officials about operating stores in Israel, financial daily Globes reported Tuesday.
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The talks are reportedly headed by officials from the Israeli Economy Ministry.
Founded in 1995, Lulu operates 227 stores and 24 malls in 22 countries in the Gulf, Middle East, Asia, Europe and the United States, reporting annual revenue of $8 billion.
LuLu Group International also owns Twenty14 Holdings, which owns hotels across the world.
