LuLu Group International

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

LuLu Group International is a multinational conglomerate company that operates a chain of hypermarkets and retail companies, headquartered[1] 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.[2][3]

It is one of the largest retail chains in Asia and is the biggest in the Middle East with 212 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, LuLu International Shopping Mall along with Marriott Hotels & Resorts, Kochi in the same Lulu campus and largest mall in Malaysia[citation needed] . Research firm Deloitte, recently placed it amongst the world’s 50 fastest growing retailers.[4][5] 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 Bolgatty Island is one of the largest Convention Centre in South Asia[6] along with the third largest Grand Hyatt branded hotel[7] in the same campus. In 2016, M. A. Yusuff Ali, founder of Lulu, purchased the Scotland Yard Building in London.[8] As of 2013, Yusuff Ali holds a 9.37% share in Cochin International Airport.[9] 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.[10] Y International, the export distribution center in United States and Europe for LuLu Group International[11][12]

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 they 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, Kingdom of Saudi Arabia, Bahrain, Oman, and Yemen. On March 10, 2013, LuLu Hypermarket was opened in Kochi, India at LuLu Mall which is the largest shopping mall in India.[13][14][15] 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.[16] They've also started construction of Lulu mall in Trivandrum, which on completion will be the biggest mall in India after the one in Kochi.[17]

Operations[]

Lulu Cyber Tower at Kochi, Kerala, India
Lulu Mall view from Edapally Metro station at Kochi, Kerala, India

Middle East and India[]

As of September 2020, there are 200 LuLu Hypermarkets in the GCC countries, one in India at Kochi, Kerala[18] and one each in Malaysia and four in Indonesia. Lulu group is having 6 operations in india. They are Lulu Mall and Lulu Cyber Tower in Kochi, Kerala and Lulu fashion centre in Triprayar, Thrissur, 2 Marriott Hotels and resorts in kochi and Lulu convention centre in Thrissur. Also they are going to launch LuLu convention centre which is south Asia's largest convention centre in Bolgatty, kochi. Lulu group is undergoing vast expansion plans in retail, food processing and logistics sector. Lulu group is investing in Bangalore, Chennai, Hyderabad, Visakhapatnam, Lucknow, Calicut and Trivandrum. During 2011, the Lulu Hypermarket in Sohar, Oman was burned down during the 2011 Omani protests but has since been rebuilt. Most of the businesses that were built in the immediate proximity of the Hypermarket (Papa John's, Dairy Queen) closed down and stopped business immediately during and after the protests.

International[]

In April 2013, LuLu Group launched its United Kingdom operations in Birmingham with the inauguration of a 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.[19] 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.[20][21]

Locations[]

Country First store Number of stores
United Arab Emirates 2000 Numerous stores across 7 Emirates.
Oman 2005 50
Bahrain 2007[22] 8
Saudi Arabia 2009[23] 34[24]
Kuwait 2007 6
Qatar 2000 13
Egypt 2010[25] 2
India 2013[26] 6
Yemen 2006 1
Indonesia 2016 5[27]
Suriname 2016[20][21] 1[20][21]
Malaysia 2016[20][21] 2[20][21]
Philippines TBA[28] TBA

Ownership[]

Lulu Hypermarket is owned by LuLu Group International.[29] LuLu Group International also owns Twenty14 Holdings, which owns hotels across the world.

See also[]

References[]

  1. ^ Roberts, Mervyn Edwin, III, author. (2018). The psychological war for Vietnam, 1960-1968. ISBN 978-0-7006-2583-3. OCLC 1012639529.CS1 maint: multiple names: authors list (link)
  2. ^ "Middle East Retailer Yusuff Ali Emerges As Billionaire". Forbes. Retrieved 2013-02-24.
  3. ^ "YUSUFFALI M.A."
  4. ^ "LuLu Hypermarket | Supermarkets | Department Stores". india.luluhypermarket.com. Archived from the original on 2018-02-25. Retrieved 2015-11-18.
  5. ^ "Lulu named fastest growing retailer". Arab News. 2 February 2013. Retrieved 2013-02-02.
  6. ^ Ritz Magazine
  7. ^ Hyatt
  8. ^ The National
  9. ^ Time of India
  10. ^ The National
  11. ^ "Our Company - Y International USA". Yinternational.us.com. Retrieved 2020-01-18.
  12. ^ "YInternational Uk". YInternational Uk. Retrieved 2020-01-18.
  13. ^ "India's largest mall in Kochi: Lulu Mall". The Economic Times. Retrieved 2013-03-12.
  14. ^ "India's largest shopping mall in Kochi, Kerala". Yahoo News India. Retrieved 2013-03-12.
  15. ^ "India's 10 biggest malls". rediff.com. Retrieved 2013-04-24.
  16. ^ "Archived copy". Archived from the original on 2019-04-21. Retrieved 2017-07-16.CS1 maint: archived copy as title (link)
  17. ^ "LuLu to build India's second biggest mall for $300m in Kerala". Khaleej Times. Retrieved 2017-04-11.
  18. ^ "Lulu to open 100th outlet in RAK". Emirates 24/7. Retrieved 2012-04-22.
  19. ^ "LuLu opens logistics centre in Birmingham". Trade Arabia. Retrieved 2013-04-07.
  20. ^ Jump up to: a b c d e Sarah Diaa (19 May 2014). "Lulu Hypermarket to open 10 outlets in Malaysia". Gulf News. Retrieved 21 May 2014.
  21. ^ Jump up to: a b c d e "LuLu Group to open 10 Malaysia outlets". Gulf Daily News. 20 May 2014. Retrieved 21 May 2014.
  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 the biggest mall in India at Kerala
  27. ^ "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.
  28. ^ Manila Standard
  29. ^ "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[]

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