Majid Al Futtaim, the market leader in shopping malls, communities, retail, and leisure in the Middle East and Africa, has unveiled two new retail ventures in Pakistan designed to increase its retail reach. This includes the recent inauguration of two myli stores in Lahore as well as breaking ground to open Carrefour’s eleventh store next year.
This takes Majid Al Futtaim’s total investment to PKR 11 billion, which will create additional employment opportunities for Pakistanis, strengthen local businesses, and give customers with a modern shopping experience. Majid Al Futtaim diversified its offering on December 5 with the introduction of its unique health and beauty concept, myli.
The two brand-new boutiques, located within Carrefour at Packages Mall and Fortress Mall, provide an extensive selection of high-quality cosmetics, fragrances, and hair and skin care products. Myli is positioned to be the one-stop shop for all of a customer’s beauty and healthcare needs, in response to the rising demand for accessible personal care items observed by merchants across.
In addition, the forthcoming Carrefour shop at the Defence Housing Authority in Lahore would be the eleventh location to open for the brand in Pakistan. Once operational in the fourth quarter of 2023, the new supermarket will offer customers fast access to more than 25,000 items from a variety of categories, including consumer goods, fresh foods, electronics, home accessories, and more, at unbeatable prices. Administrator of DHA Lahore, Brigadier General Waheed Gul Satti, participated in the groundbreaking ceremony for the store’s construction.
During his visit to Pakistan, the Chief Executive Officer of Majid Al Futtaim Retail, Hani Wiess, attended both the opening of Myli and the groundbreaking ceremony, accompanied by the Country Manager of Carrefour Pakistan, Umer Lodhi.
Hani Weiss, Chief Executive Officer of Majid Al Futtaim Retail, said: “Majid Al Futtaim continues to broaden and scale its operations in Pakistan, uplifting our customers’ shopping experience through modern and contemporary retail solutions. The planned Carrefour shop and the newly established myli concept illustrate our commitment to the nation and will contribute to boosting the retail business. Our recent investment selections reflect our strategic focus on consumer convenience and producing shared benefit for local business partners and the national economy.”
Umer Lodhi, Country Manager of Carrefour Pakistan at Majid Al Futtaim Retail, added, “We are thrilled to expand and diversify our business in Pakistan to meet consumer demand. Majid Al Futtaim’s investment of PKR 11 billion demonstrates its sustained confidence in Pakistan’s robust economic environment. myli is an innovative device that fills a market void for easily accessible self-care supplies. In contrast, our forthcoming Carrefour store will serve the residents of DHA Phase 7.”
