EBITDA grows 6.4% to $214.1 million; EBITDA margin at 10.3%; Net profit reaches $69.7mn, up 15.8%; Net profit margin at 3.4%
Lulu Group International
Latest in Lulu Group International
Abu Dhabi
Lulu Retail revenue for 2024 grows 4.7% to $7.6bn
Net Profit increases 12.6% YoY to $216.3 million; Private Label revenue and e-commerce sales up 29.6% and 70% respectively
Lulu Group International
Lulu Retail reaches 250 stores in GCC with two launches in Saudi
The new Express stores are located in Jabal Omar, Makkah and Sahara Mall, Riyadh; Lulu’s total store count in Saudi reaches 59
dairy industry
Lulu Hypermarkets in Middle East to offer Milma’s dairy whitener from Indian state of Kerala
The product will be marketed in the Middle East by Lulu Group’s export division Fair Exports
Abu Dhabi Securities Exchange
Lulu Retail Holding appoints BHM Capital as liquidity provider on ADX
This provides greater price stability and ensures adequate trading volumes at any given price level
Al Baik
Mall of UAQ welcomes the first Al Baik outlet in the emirate
The Al Baik outlet, spanning 2,150 sq. ft and featuring a drive-through facility, will be operational for the public soon
Brand View
Mastercard and LuLu Group forge multimarket partnership to drive sustainability, innovation and efficiency in retail payments
Customers to enjoy new and revamped benefits and personalised offers on their co brand cards
IPO
LuLu Group IPO: UAE retail giant plans dual $1bn listing on Saudi, Abu Dhabi bourses, says report
The LuLu Group IPO could take place in the second half of 2024, however, the exact scope of operations included is still to be determined
Dairy products
LuLu Group, Kerala cooperative Milma in talks to sew up mega marketing alliance for Middle East
The plan entails marketing various Milma products through LuLu’s extensive network of hypermarkets and malls in the Middle East
Abu Dhabi
Lulu Group, Star Cinemas collaborate for 22 new cinema screens in Abu Dhabi and Al Ain
The screens will be strategically located across four malls in the region
India
LuLu Group to set up biggest mall in India, invests $365 million
The mall, which will be located in Ahmedabad will house over 300 national and international brands
Abu Dhabi
LuLu Group heads for $5bn stock market float
LuLu Group’s statement comes following the recent hugely successful IPO issue of UAE-based healthcare player Burjeel Group
expansion
UAE’s Lulu Group’s $2.9 billion expansion in retail network on track
The supermarket chain has a pipeline of 91 hypermarkets and stores lined up to open despite the Covid disruptions
Lulu Group International
UAE retail giant vows to press on with expansion despite virus challenge
Chairman of Lulu Group says he hopes to add 25 hypermarkets to portfolio before the end of 2021
Abu Dhabi construction
Modon awards tender for retail strip in giant Abu Dhabi project
Retail Strip Mall project in North Riyadh City will include seven restaurants, 14 stores, and a supermarket
Abu Dhabi
Turning Tablez: Adeeb Ahamed
Over the next two years, the retail arm of Abu Dhabi’s LuLu Group International is aiming to more than triple the number of branded outlets it operates across India. The man leading the charge to conquer a bigger slice of this growing $792bn retail market is Adeeb Ahamed
Abu Dhabi
Lulu Group’s Tablez plans $75m investment in India
UAE firm’s retail subsidiary is aiming for over 150 stores by the end of 2020