Lulu International Exchange

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Lulu International Exchange
TypeDivision
IndustryFinancial services
Founded2009 (2009)
Headquarters,
Key people
Adeeb Ahamed
(Managing Director)
ProductsRemittance
Bill payments
Money transfer
Foreign exchange
Number of employees
5,000
ParentLulu Financial Group
Websiteluluexchange.com

LuLu International Exchange[1] is a part of the LuLu Financial Group.[2] The Group started its operations in the year 2009,[2] and currently operates over 225 payment centres dealing with remittances[3] and foreign exchange[4] in countries such as India, Philippines, Malaysia, Hong Kong, Oman, Qatar, UAE,[5][6] Bahrain and Kuwait.[7] The company's sister concerns include Twenty14 Holdings and Tablez.[8]

Twenty14 Holdings[]

Twenty14 Holdings is a hospitality investment company which acquired the Great Scotland Yard hotel for £110 million,[9] the former home of London’s Metropolitan Police Service, transforming the structure into a hotel.[10][11] The group opened the Pullman Downtown Dubai, UAE, managed by Accor, in December 2020. The group acquired the Abad Airport Hotel in Kochi and re-launched it as Port Muziris in 2019. The group also owns the Waldorf Astoria in Edinburgh and the Oman Sheraton in Muscat, Oman.[12][13]

Tablez Food Company[]

Tablez is the organized retail and food & beverage division of LuLu Group International. Tablez owns franchise rights of brands including Toys R Us, Babies R Us, Cold Stone Creamery, Galito's, Go Sport, YoYoSo, Desigual in India and Famous Dave’s in UAE.[14] The company's homegrown brands include Bloomsbury’s, along with virtual kitchen brands such as By The Wok, By The Biriyani, Pizzalito's, SliderHQ and PinoyHQ.[15][16][17][18]

References[]

  1. ^ "Lulu International Exchange". www.bloomberg.com.
  2. ^ a b "MoneyGram Teams With LuLu Money". www.pymnts.com. January 21, 2020.
  3. ^ "LuLu Exchange enables online remittance for blue collar workers". gulfnews.com.
  4. ^ "Lulu Exchange app sees surge in downloads". ArabianBusiness.com.
  5. ^ "Abu Dhabi Sheikh Invests $1 Billion in Top Grocer LuLu". April 22, 2020 – via www.bloomberg.com.
  6. ^ "Abu Dhabi stimulus package to 'mitigate panic', says LuLu Financial boss". ArabianBusiness.com.
  7. ^ "Lulu Group to expand retail arm Tablez". The Hindu Business Line.
  8. ^ "Tablez, Lulu Group's retail arm, aims to make a mark in sports market". The Week.
  9. ^ "LuLu Group acquires Great Scotland Yard for £110m as UAE company moves into hotel development". The National.
  10. ^ "LuLu opens iconic Scotland Yard Hotel in London". Arab News. December 10, 2019.
  11. ^ Staff Report. "Lulu opens Great Scotland Yard in London". Khaleej Times.
  12. ^ "Gulftimes : LuLu's Twenty14 Holdings completes £300mn UK investment". m.gulf-times.com.
  13. ^ "Investing in the future: Adeeb Ahamed, managing director of LuLu Financial Group". ArabianBusiness.com.
  14. ^ "Lulu's F&B division presses on with its casual dining plan". The National.
  15. ^ "Tablez Food Company to operate 57 outlets by 2018". HotelierME.
  16. ^ "Tablez Food cooking up 26 new outlets by 2018". gulfnews.com.
  17. ^ "How Adeeb Ahamed of the LuLu Group is foraying further with food, toys and fashion". August 20, 2017 – via The Economic Times.
  18. ^ "Powering India's Growth Engine For Retail". Bloomberg.
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