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Balducci’s to Open First International Location in Partnership With Nakheel Retail

August 4, 2008

To: RETAILING EDITORS

Contact: Carrie Fox, +1-301-754-3614, carrie@cfoxcommunications.com, for Balducci’s

Specialty Food Company to Open Multiple Locations in the Middle East, Beginning with a First Location in Dubai this September

BETHESDA, Md., Aug. 4 /PRNewswire-USNewswire/–Balduccis, a top specialty food company in the United States, will open the first of multiple locations in Dubai this year, in partnership with Nakheel Retail, a Dubai World Company, and one of the worlds largest and most innovative real estate developers.

The first Balduccis store will be located in the brand new Mall of Dubai, one of the worlds largest shopping and entertainment destinations set to open at the end of September. More stores are planned to open in key locations throughout Dubai, and Balduccis and Nakheel hope to leverage their partnership as a platform for further expansion in the Middle East.

Dubai is the most populous of the seven United Arab Emirates and is swiftly becoming a hub for business and tourism across the globe.

We are thrilled to be collaborating with a world-class organization such as Nakheel, said Barbara Parasco, Balduccis Chief Executive Officer. The celebration of food has global appeal and we are delighted to offer the Balduccis experience — one that has long been associated with high quality, specialty food here in the US — to Dubai.

Balduccis currently has ten locations throughout New York, Connecticut, Maryland, Virginia and Washington D.C. The specialty food company will bring to Dubai exceptional gourmet products such as imported cheeses and seasonal vegetables, freshly made soups and specialty sandwiches, made from the finest ingredients. Balducci’s signature items include its prepared foods and private label products, which combine gourmet taste and convenience.

Nakheel is known for partnering with the best brands in the world and Balduccis is no exception. We are extremely pleased to have entered into this partnership and are looking forward to bringing the Balduccis culinary and shopping excellence to the Middle East, said Graham Dreverman, Group Managing Director, Nakheel Retail.

Balduccis Food Lovers Market is one of the largest specialty food companies in the country, with 10 stores throughout the East Coast, plus two locations in New Yorks JFK airport. With a heritage that dates back to 1916, Balduccis is a market where taste comes first, above all else. For more information on Balduccis, visit balduccis.com.

Contact:

Carrie Fox (301) 754-3614

carrie@cfoxcommunications.com

SOURCE Balducci’s

(c) 2008 U.S. Newswire. Provided by ProQuest Information and Learning. All rights Reserved.




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