LuLu Group International

LuLu Group International
Company typeLimited liability company
IndustryConglomerate
Founded1995; 29 years ago (1995)
FounderM. A. Yusuff Ali
Headquarters
Abu Dhabi
,
United Arab Emirates
Number of locations
239 stores
Area served
Key people
M. A. Yusuff Ali (Founder & Managing Director)
RevenueIncreaseUS$7.4 billion (March 2020)
Number of employees
57,000
Website

LuLu Group International is an Emirati-based multinational conglomerate company that operates a chain of hypermarkets and retail companies, headquartered in Abu Dhabi, United Arab Emirates. It was founded in 2000 by M. A. Yusuff Ali from Nattika in Kerala, India. The Group mainly operates "Lulu Hypermarket", a chain of hypermarkets that ranks among the top grocers in many of the markets it operates in. LuLu has over 65,000 employees of various nationalities.[1][2]

It is one of the largest retail chains in Asia and is the biggest in the Middle East with 259 outlets in the Gulf Cooperation Council (GCC) countries and elsewhere. In addition to Lulu Hypermarket, the group operates 13 malls in the GCC, and 5 malls in India.[citation needed] The group is among the world's 50 fastest growing retailers.[3][4] The group also owns the Lulu Convention Centre in Thrissur and the Lulu Bolgatty International Convention Centre in Mulavukad Island which is one of the largest convention centres in South Asia[5][6] The group accquired 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.[7] Y International is the export distribution center in the United States and Europe for LuLu Group International.[8][9]

  1. ^ "Middle East Retailer Yusuff Ali Emerges As Billionaire". Forbes. Retrieved 2013-02-24.
  2. ^ "YUSUFFALI M.A."
  3. ^ "LuLu Hypermarket | Supermarkets | Department Stores". india.luluhypermarket.com. Archived from the original on 2018-02-25. Retrieved 2015-11-18.
  4. ^ "Lulu named fastest growing retailer". Arab News. 2 February 2013. Retrieved 2013-02-02.
  5. ^ Ritz Magazine
  6. ^ Hyatt
  7. ^ The National
  8. ^ "Our Company - Y International USA". Yinternational.us.com. Retrieved 2020-01-18.
  9. ^ "YInternational Uk". YInternational Uk. Retrieved 2020-01-18.