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LuLu Group International

LuLu Group International is an Indian Emirati-based multinational conglomerate company that operates a chain of hypermarkets and retail companies, headquartered in Abu Dhabi, United Arab Emirates. It was founded in 2000 by M. A. Yusuff Ali from Nattika, Thrissur district in Kerala, India. LuLu Group International mainly operates the international chain of hypermarkets named "Lulu Hypermarket". LuLu has over 57,000 employees of various nationalities.[1][2]

LuLu Group International
TypeLimited liability company
IndustryConglomerate
Founded2000; 23 years ago (2000)
FounderYusuff Ali M.A.
Headquarters,
Number of locations
232 stores
Area served
  • Asia (including the
    GCC and MENA)
  • Africa
  • Europe
  • America
Key people
Yusuff Ali M.A. (Founder and Managing Director)
RevenueUS$ 7.4 billion (Mar 2020)
Number of employees
57,000
Websitelulugroupinternational.com
luluhypermarket.com

It is one of the largest retail chains in Asia and is the biggest in the Middle East with 215 outlets in the Gulf Cooperation Council (GCC) countries and elsewhere. LuLu Group International administrates Lulu Hypermarket which also have 13 malls all over the GCC Countries, and 3 malls in India.[citation needed] Research firm Deloitte, recently placed it amongst the world's 50 fastest growing retailers.[3][4] Lulu has also started Lulu Convention Centre in Thrissur which is spread across an area of 7.3 hectares (18 acres) with a built-up area of 15,000 square metres (160,000 sq ft). Lulu's project of Lulu Bolgatty International Convention Centre in Mulavukada Island Kerala is one of the largest convention centres in South Asia[5] along with the third largest Hyatt branded hotel[6] in the same campus. In 2016, M. A. Yusuff Ali, founder of Lulu, purchased the Scotland Yard Building in London.[7] As of 2013, Yusuff Ali holds a 9.37% share in Cochin International Airport.[8] Lulu Group International has bought a 10-percent stake in the UK-based trading firm, East India Company, and a 40-percent stake in its fine foods subsidiary for around $85 million in total.[9] Y International is the export distribution center in the United States and Europe for LuLu Group International.[10][11]

History

LuLu Group International opened its first supermarket in Abu Dhabi, United Arab Emirates, in 1995, when the retail business scenario in the region started to change with the entry of Continent (now Carrefour). Later, more LuLu Supermarket stores were opened in different parts of Abu Dhabi. There are also several Lulu stores found in the emirate of Dubai. In the late 1990s, the LuLu Center department stores were launched, and the group expanded to other countries in the Middle East.

In 2000, the first Lulu Hypermarket store was opened in Dubai. With this launch, the Group embarked on an aggressive expansion plan. It soon grew into a chain with several outlets across the UAE, Kuwait, Qatar, Saudi Arabia, Bahrain, Oman, and Yemen. On March 10, 2013, LuLu Hypermarket was opened in Kochi, India.[12][13][14] LuLu group also plans to invest Rs 1,000 crore to set up an international convention centre, a five-star hotel and a mall in Lucknow, Uttar Pradesh.[15] They opened the doors of their new Lulu Mall in Thiruvananthapuram to the public in December 2021.It is their biggest mall in Asia. It was inaugurated by the Chief Minister of Kerala Pinarayi Vijayan along with other personalities including actor Mammootty.[16]

Operations

 
Lulu Cyber Tower at Kochi, Kerala, India
 
Lulu Mall, Lucknow, India

Middle East and India

As of July 2022, there are more than 200 LuLu Hypermarkets in the GCC, 4 in India at Trivandrum, Kochi, Bangalore and Lucknow,[17] 1 in Malaysia and 4 in Indonesia. Lulu group has 6 other operations in India, the LuLu Cyber Tower in Kochi, Kerala, LuLu fashion center in Thrissur, 2 Marriott Hotels and resorts in Kochi and LuLu convention centre in Thrissur. Lulu group is heavily investing in Bengaluru, Chennai, Bhubaneswar, Hyderabad, Visakhapatnam, Lucknow, Calicut and Trivandrum. The group has started construction of new malls in Calicut, Kottayam, and Varanasi. The retail giant is also expected to open its flagship hypermarket in Palakkad by 2024. The group has also planned to construct malls in multiple cities like Chennai, Hyderabad, Ahmedabad and Prayagraj. The LuLu group is also setting up a food processing unit in Greater Noida.

International

In April 2013, LuLu Group launched its United Kingdom operations in Birmingham with the inauguration of logistics and packaging facility under the name, Y International. The facility procures and exports food, non-food, chilled and frozen products of British origin to LuLu Hypermarkets spread across the Gulf countries. Date coding and labelling for different countries, translation of labels, Halal and other relevant certifications are also carried out here. About 60 British nationals are employed at the facility which hopes to create 200 jobs soon.[18] In May 2014, following the visit of then Prime Minister Najib Razak to United Arab Emirates, a memorandum of understanding between Lulu Hypermarket and the Federal Land Development Authority (FELDA) was signed for the establishment of ten Lulu Hypermarkets in Malaysia.[19][20]

Locations

Country First store Number of stores
United Arab Emirates 2000 Numerous stores
India 2013[21] 5
Oman 2005 50
Bahrain 2007[22] 8
Saudi Arabia 2009[23] 34[24]
Kuwait 2007 6
Qatar 2000 22
Egypt 2010[25] 2
Yemen 2006 1
Indonesia 2016 2[26]
Suriname 2016 1
Malaysia 2016[19][20] 4[19][20]

Ownership

Lulu Hypermarket is owned by LuLu Group International.[27] LuLu Group International also owns Twenty14 Holdings, which owns hotels across the world.

See also

References

  1. ^ "Middle East Retailer Yusuff Ali Emerges As Billionaire". Forbes. Retrieved 2013-02-24.
  2. ^ "YUSUFFALI M.A."
  3. ^ . india.luluhypermarket.com. Archived from the original on 2018-02-25. Retrieved 2015-11-18.
  4. ^ "Lulu named fastest growing retailer". Arab News. 2 February 2013. Retrieved 2013-02-02.
  5. ^ Ritz Magazine
  6. ^ Hyatt
  7. ^ The National
  8. ^ Time of India
  9. ^ The National
  10. ^ "Our Company - Y International USA". Yinternational.us.com. Retrieved 2020-01-18.
  11. ^ "YInternational Uk". YInternational Uk. Retrieved 2020-01-18.
  12. ^ "India's largest mall in Kochi: Lulu Mall". The Economic Times. Retrieved 2013-03-12.
  13. ^ "India's largest shopping mall in Kochi, Kerala". Yahoo News India. Retrieved 2013-03-12.
  14. ^ "India's 10 biggest malls". rediff.com. Retrieved 2013-04-24.
  15. ^ . Archived from the original on 2019-04-21. Retrieved 2017-07-16.
  16. ^ "LuLu to build India's second biggest mall for $300m in Kerala". Khaleej Times. Retrieved 2017-04-11.
  17. ^ "Lulu to open 100th outlet in RAK". Emirates 24/7. Retrieved 2012-04-22.
  18. ^ "LuLu opens logistics centre in Birmingham". Trade Arabia. Retrieved 2013-04-07.
  19. ^ a b c Sarah Diaa (19 May 2014). "Lulu Hypermarket to open 10 outlets in Malaysia". Gulf News. Retrieved 21 May 2014.
  20. ^ a b c "LuLu Group to open 10 Malaysia outlets". Gulf Daily News. 20 May 2014. Retrieved 21 May 2014.
  21. ^ Lulu opens the biggest mall in India at Kerala
  22. ^ Bahrain: First LuLu hypermarket in Manama inaugurated
  23. ^ Business – First Lulu Hypermarket Opens in Saudi Arabia
  24. ^ "Lulu to go ahead with KSA expansion". 29 June 2020.
  25. ^ Lulu hypermarkets opens first store in Egypt - UAE - ArabianBusiness.com
  26. ^ "Lulu opens its first departmental things to the very under below of the rajeev stores in champakkara with ments cutoof ad fz rpm cut in Indonesia". www.tradearabia.com. Retrieved 2016-06-01.
  27. ^ "How Adeeb Ahamed of the LuLu Group is foraying further with food, toys and fashion". The Economic Times. 20 August 2017. Retrieved 16 January 2018.

External links

  • Official website
  • EMKE Group

lulu, group, international, indian, emirati, based, multinational, conglomerate, company, that, operates, chain, hypermarkets, retail, companies, headquartered, dhabi, united, arab, emirates, founded, 2000, yusuff, from, nattika, thrissur, district, kerala, in. LuLu Group International is an Indian Emirati based multinational conglomerate company that operates a chain of hypermarkets and retail companies headquartered in Abu Dhabi United Arab Emirates It was founded in 2000 by M A Yusuff Ali from Nattika Thrissur district in Kerala India LuLu Group International mainly operates the international chain of hypermarkets named Lulu Hypermarket LuLu has over 57 000 employees of various nationalities 1 2 LuLu Group InternationalTypeLimited liability companyIndustryConglomerateFounded2000 23 years ago 2000 FounderYusuff Ali M A HeadquartersAbu Dhabi UAENumber of locations232 storesArea servedAsia including the GCC and MENA AfricaEuropeAmericaKey peopleYusuff Ali M A Founder and Managing Director RevenueUS 7 4 billion Mar 2020 Number of employees57 000Websitelulugroupinternational wbr com luluhypermarket wbr comIt is one of the largest retail chains in Asia and is the biggest in the Middle East with 215 outlets in the Gulf Cooperation Council GCC countries and elsewhere LuLu Group International administrates Lulu Hypermarket which also have 13 malls all over the GCC Countries and 3 malls in India citation needed Research firm Deloitte recently placed it amongst the world s 50 fastest growing retailers 3 4 Lulu has also started Lulu Convention Centre in Thrissur which is spread across an area of 7 3 hectares 18 acres with a built up area of 15 000 square metres 160 000 sq ft Lulu s project of Lulu Bolgatty International Convention Centre in Mulavukada Island Kerala is one of the largest convention centres in South Asia 5 along with the third largest Hyatt branded hotel 6 in the same campus In 2016 M A Yusuff Ali founder of Lulu purchased the Scotland Yard Building in London 7 As of 2013 Yusuff Ali holds a 9 37 share in Cochin International Airport 8 Lulu Group International has bought a 10 percent stake in the UK based trading firm East India Company and a 40 percent stake in its fine foods subsidiary for around 85 million in total 9 Y International is the export distribution center in the United States and Europe for LuLu Group International 10 11 Contents 1 History 2 Operations 2 1 Middle East and India 2 2 International 2 3 Locations 3 Ownership 4 See also 5 References 6 External linksHistory EditLuLu Group International opened its first supermarket in Abu Dhabi United Arab Emirates in 1995 when the retail business scenario in the region started to change with the entry of Continent now Carrefour Later more LuLu Supermarket stores were opened in different parts of Abu Dhabi There are also several Lulu stores found in the emirate of Dubai In the late 1990s the LuLu Center department stores were launched and the group expanded to other countries in the Middle East In 2000 the first Lulu Hypermarket store was opened in Dubai With this launch the Group embarked on an aggressive expansion plan It soon grew into a chain with several outlets across the UAE Kuwait Qatar Saudi Arabia Bahrain Oman and Yemen On March 10 2013 LuLu Hypermarket was opened in Kochi India 12 13 14 LuLu group also plans to invest Rs 1 000 crore to set up an international convention centre a five star hotel and a mall in Lucknow Uttar Pradesh 15 They opened the doors of their new Lulu Mall in Thiruvananthapuram to the public in December 2021 It is their biggest mall in Asia It was inaugurated by the Chief Minister of Kerala Pinarayi Vijayan along with other personalities including actor Mammootty 16 Operations Edit Lulu Cyber Tower at Kochi Kerala India Lulu Mall view from Edapally Metro station at Kochi Kerala India Lulu Mall Lucknow India Middle East and India Edit As of July 2022 there are more than 200 LuLu Hypermarkets in the GCC 4 in India at Trivandrum Kochi Bangalore and Lucknow 17 1 in Malaysia and 4 in Indonesia Lulu group has 6 other operations in India the LuLu Cyber Tower in Kochi Kerala LuLu fashion center in Thrissur 2 Marriott Hotels and resorts in Kochi and LuLu convention centre in Thrissur Lulu group is heavily investing in Bengaluru Chennai Bhubaneswar Hyderabad Visakhapatnam Lucknow Calicut and Trivandrum The group has started construction of new malls in Calicut Kottayam and Varanasi The retail giant is also expected to open its flagship hypermarket in Palakkad by 2024 The group has also planned to construct malls in multiple cities like Chennai Hyderabad Ahmedabad and Prayagraj The LuLu group is also setting up a food processing unit in Greater Noida International Edit In April 2013 LuLu Group launched its United Kingdom operations in Birmingham with the inauguration of logistics and packaging facility under the name Y International The facility procures and exports food non food chilled and frozen products of British origin to LuLu Hypermarkets spread across the Gulf countries Date coding and labelling for different countries translation of labels Halal and other relevant certifications are also carried out here About 60 British nationals are employed at the facility which hopes to create 200 jobs soon 18 In May 2014 following the visit of then Prime Minister Najib Razak to United Arab Emirates a memorandum of understanding between Lulu Hypermarket and the Federal Land Development Authority FELDA was signed for the establishment of ten Lulu Hypermarkets in Malaysia 19 20 Locations Edit Country First store Number of storesUnited Arab Emirates 2000 Numerous storesIndia 2013 21 5Oman 2005 50Bahrain 2007 22 8Saudi Arabia 2009 23 34 24 Kuwait 2007 6Qatar 2000 22Egypt 2010 25 2Yemen 2006 1Indonesia 2016 2 26 Suriname 2016 1Malaysia 2016 19 20 4 19 20 Ownership EditLulu Hypermarket is owned by LuLu Group International 27 LuLu Group International also owns Twenty14 Holdings which owns hotels across the world See also Edit Companies portalList of hypermarkets List of supermarket chains in the United Arab Emirates Lulu Mall Lulu International ExchangeReferences Edit Middle East Retailer Yusuff Ali Emerges As Billionaire Forbes Retrieved 2013 02 24 YUSUFFALI M A LuLu Hypermarket Supermarkets Department Stores india luluhypermarket com Archived from the original on 2018 02 25 Retrieved 2015 11 18 Lulu named fastest growing retailer Arab News 2 February 2013 Retrieved 2013 02 02 Ritz Magazine Hyatt The National Time of India The National Our Company Y International USA Yinternational us com Retrieved 2020 01 18 YInternational Uk YInternational Uk Retrieved 2020 01 18 India s largest mall in Kochi Lulu Mall The Economic Times Retrieved 2013 03 12 India s largest shopping mall in Kochi Kerala Yahoo News India Retrieved 2013 03 12 India s 10 biggest malls rediff com Retrieved 2013 04 24 LuLu group plans to invest Rs 1 000 crore in Lucknow Real Estate News ET RealEstate Archived from the original on 2019 04 21 Retrieved 2017 07 16 LuLu to build India s second biggest mall for 300m in Kerala Khaleej Times Retrieved 2017 04 11 Lulu to open 100th outlet in RAK Emirates 24 7 Retrieved 2012 04 22 LuLu opens logistics centre in Birmingham Trade Arabia Retrieved 2013 04 07 a b c Sarah Diaa 19 May 2014 Lulu Hypermarket to open 10 outlets in Malaysia Gulf News Retrieved 21 May 2014 a b c LuLu Group to open 10 Malaysia outlets Gulf Daily News 20 May 2014 Retrieved 21 May 2014 Lulu opens the biggest mall in India at Kerala Bahrain First LuLu hypermarket in Manama inaugurated Business First Lulu Hypermarket Opens in Saudi Arabia Lulu to go ahead with KSA expansion 29 June 2020 Lulu hypermarkets opens first store in Egypt UAE ArabianBusiness com Lulu opens its first departmental things to the very under below of the rajeev stores in champakkara with ments cutoof ad fz rpm cut in Indonesia www tradearabia com Retrieved 2016 06 01 How Adeeb Ahamed of the LuLu Group is foraying further with food toys and fashion The Economic Times 20 August 2017 Retrieved 16 January 2018 External links EditOfficial website EMKE Group Retrieved from https en wikipedia org w index php title LuLu Group International amp oldid 1146675110, wikipedia, wiki, book, books, library,

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