LuLu Group International news

17 July 2019
As Spinneys Egypt is bought by Investec Asset Management, 7-Eleven adds a new service and LuLu sets out expansion plans, we round up news from the region. Spinneys Egypt ownership changes A controlling stake in Spinneys Egypt has been acquired by Investec Asset Management. No financial details have been released about the purchase. Investec described Spinneys Egypt as one of the ‘ leading g...
01 July 2019
UAE-based LuLu Group has opened its second store in Malaysia today, after the successful launch of its first store two years ago. This expansion forms part of its investment to invest US$ 300 million to set up 10 hypermarkets and a central logistics warehouse in the country. Second hypermarket in the country and 174 th globally The 80,000 sq ft store was inaugurated by YB Datuk Seri S...
28 June 2019
LuLu has announced new store openings in the UAE, Saudi Arabia and Qatar. LuLu continues expansion in UAE… LuLu has opened a new shopping centre with a LuLu Hypermarket as its anchor store in the Mall of UAQ in Umm Al Quwain. Commenting on the store, LuLu’s chairman, Yusouf Ali M A, said: “ It has been our policy to reach nearer to the people rather than driving long distances to reach us. ...
02 May 2019
As Amazon rebrands Souq to its own name, UAE-based LuLu continues its expansion in the region and AliExpress prepares to launch Ramadam sale, we round up news from the region. Amazon rebrands Souq Almost two years after acquiring Souq.com Amazon has rebranded the site under its own name. Visitors to Souq, except those from Egypt and Saudi Arabia, are being redirected to the Amazon.ae si...
03 April 2019
As UAE-based LuLu and Majid Al Futtaim and Qatar-based Al Meera discuss their expansion plans for 2019 and into the short term, we round up news from the region. LuLu sets out expansion plans… UAE-based LuLu is aiming to open 32 hypermarkets in 2019. The retailer has said it is looking to expand in GCC countries, where it aims to add 29, including 12 in the UAE, in addition to the 87 it cur...
29 March 2019
As AliExpress and LuLu launch new promotions, competition rises online and in grocery retailing more widely in the UAE we round up news from the region. AliExpress celebrates anniversary in Saudi Arabia… To mark its ninth year of operation in the country, AliExpress is set to launch an anniversary sale that will enable shoppers to enjoy discounts of up to 50% across a range of 100m products...
26 February 2019
As LuLu and BinDawood discuss expansion plans for Saudi Arabia, we round up news from the retailers. LuLu sets out expansion plans for Saudi Arabia… LuLu’s chairman, Yusuff Ali MA, attending the India Saudi Business Forum meeting, has said the retailer has ‘ ambitious ’ expansion plans for Saudi Arabia. He said: “ We are upbeat about the vast investment opportunities laid open in the Kingdo...
20 February 2019
As Majid Al Futtaim announces it will launch a wholesale banner in the UAE, Noon plans to enter Egypt and LuLu says it could invest in Bangladesh, we round up news from across the region. Majid Al Futtaim to launch Carrefour Business Majid Al Futtaim has announced plans to launch a new wholesale grocery service to enable it target restaurants and hotels, under the Carrefour Business brand, ...
19 February 2019
UAE-based LuLu has set out its investment plans as it looks to expand in Egypt. Separately its executive director, Ashraf Ali, has been discussing the company’s approach to building its range of organic, healthy and locally sourced food products in the UAE. LuLu to invest AED2bn in Egypt LuLu has set out plans to invest AED2bn (US$544.4m) in Egypt as it looks to expand its presence in the c...
04 January 2019
We look at how UAE-based Lulu and Dubai-based Union Coop are expanding in the Middle East. Lulu opens hypermarket in Saudi Arabia… As part of its expansion plans, Lulu has opened its 15 th hypermarket in Saudi Arabia located in Al Kharj. The 15,000 sq m store is Lulu’s 158 th hypermarket globally. The retailer has said the stores features a spacious layout with organised category displays...