Page 2 - Lulu Group

UAE-based Lulu Group to invest Rs 3,500 crore in Tamil Nadu

UAE-based retail major Lulu group on Monday announced an investment of Rs 3,500 crore in Tamil Nadu to set up shopping malls, hypermarkets and a food-logistic park. A memorandum of understanding (MoU) to this effect was signed on Monday by Pooja Kulkarni, Managing Director and CEO of Tamil Nadu Industrial Guidance & Export Promotion Bureau and Ashraf Ali MA, Executive Director of Lulu Group, the company said in a statement. The MoU was signed in the presence of Tamil Nadu Chief Minister MK Stalin; Industry Minister Thangam Thenarasu; Yusuffali MA, Chairman of Lulu Group; other officials and dignitaries at the Abu Dhabi Chamber of Commerce HO in Abu Dhabi. As per the MoU, the first shopping mall will come up in Chennai by 2024, while the first hypermarket is expected to open by this year-end itself at the Laxmi Mills compound in Coimbatore. Lulu Group will also set up food processing and logistics centres for procuring and processing agri-produce for exports to middle eastern ...

UAE-based Lulu group to invest Rs 400 cr to set up food park in Kerala

The UAE-based retail major Lulu Group on Tuesday said it will invest Rs 400 crore to set up food park in Kerala.

J&K govt inks pact with LuLu group to set up food processing, logistics hub

The Jammu and Kashmir government has signed a memorandum of understanding (MoU) with Dubai-based Lulu group to set up a food processing and logistics hub in Srinagar, officials said. Lieutenant Governor Manoj Sinha termed it as a "historic agreement" and said the trade between Jammu & Kashmir and Dubai has remained steady reflects the resilience of our deep economic linkages. The J&K government signed an MoU with the LuLu Group to set up a food processing and logistics hub in Srinagar, in the presence of Lieutenant Governor Manoj Sinha and LuLu group Chairman Yusuff Ali M A on Wednesday, an official spokesman said on Thursday. This historic agreement was signed by J&K Principal Secretary (Industries & Commerce) Ranjan Prakash Thakur and LuLu Group Executive Director Ashraf Ali M A at Dubai, where Sinha also inaugurated J&K promotion week at the LuLu hypermarket. The lieutenant governor said the MoU with the LuLu group will further expand Jammu & Kashmir-Dubai ..

Lulu Group to invest Rs 2,000 cr to build shopping mall in Gujarat

The UAE-based retail giant Lulu Group on Saturday announced it will invest Rs 2,000 crore to develop a shopping mall near Ahmedabad in Gujarat as part of its plans to expand business in India.

Lulu Group opens third shopping mall in India; plans more launches

The Group with its flagship retail chain of Lulu hypermarkets and supermarkets has operations spread over 22 countries.

Lulu Group chairman Yusuff Ali undergoes spinal surgery in Abu Dhabi

NRI businessman & Lulu group chairman M A Yusuff Ali, who had a miraculous escape on Apr 11 after his helicopter crash-landed on marshy land, has undergone a spinal surgery at a hospital in Abu Dhabi

Chopper carrying Lulu Group head crash lands in Kerala; taken to hospital

A helicopter carrying seven people including NRI businessman M A Yusuf Ali crash-landed at a marshy land near here on Sunday morning

Abu Dhabi's ADQ pumps $1 billion into Lulu Group's Egypt expansion

ADQ, formerly known as Abu Dhabi Development Holding Co., will team up with Lulu to develop up to 30 hypermarket stores and other operations across the Arab world's most populous nation

Abu Dhabi Sheikh acquires 20% stake in Grocer LuLu, invests $1 billion

The company led by Sheikh Tahnoon Bin Zayed Al Nahyan acquired an almost 20 per cent holding in the Abu Dhabi-based supermarket group founded by Indian entrepreneur Yusuff Ali

Retail tycoon Yusuff Ali becomes first Indian to receive Saudi Green Card

Yusuff Ali, 64, is the chairman of the LuLu Group, who was ranked the richest expat in the UAE by the Forbes magazine last year

Dubai-based LuLu Group strikes four-star hotel deal with Swiss firm

The companies involved said the design of the property will be based on the new Intercity Hotels Matteo

LuLu Group retail arm to expand to 300 stores, eyes Rs 4-bn revenue by 2020

Tablez, the organised retail arm of LuLu Group International, is planning to expand its presence in India with around 300 stores in 2020. The company, which is a franchisee to global brands in food and beverages, toys, lifestyle and apparels, is expecting to turn profitable next year and targets a revenue of Rs 4 billion by 2020 from the current Rs 1 billion. The company at present has 42 stores of around six brands in its kitty and plans are to increase it to 10 brands soon. Tablez was established by LuLu Group with the launch of its shopping mall LuLu Mall in Kochi in 2013, but the retail arm started expanding from 2016. The company has signed master franchise agreements with brands like Springfield, Women'secret, Toys'R'Us and Babies'R'Us to market them in India. It has also recently signed a strategic cooperation agreement with Chinese lifestyle brand YOYOSO to bring its stores to India. In the F&B space, it holds franchise rights for US-based Cold Stone Creamery and Galito's

Lulu Group plans to invest Rs 7,000 crore in India

The Group will invest in setting up shopping malls and hotels; to invest Rs 4,650 crore in Kerala, Rs 1,000 crore in UP and Rs 1,410 in Telangana

Lulu group to invest Rs 5,000 crore in India in next 4 years

The group runs a retail chain of over 120 hypermarkets in the Middle East.