The product will be marketed in the Middle East by Lulu Group’s export division Fair Exports
Lulu Hypermarket
Latest in Lulu Hypermarket
India
Lulu Retail revenue reaches $1.86 billion in first post-IPO result
Revenue up 6.1% for Q3 2024 and 5.7% YoY for 9M 2024; Q3 EBITDA increases 9.9% to $176.3 million; Group opens 12 new stores in 9M 2024
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
Abu Dhabi
New UAE laws; Petrol price increase; Dubai’s ‘viral chocolate’; Visa amnesty extended; Tax rules updated – 10 things you missed this week
UAE visa amnesty, new laws announced, petrol prices increased, Dubai real estate strategy and more of the top news stories this week
Initial public offering
LuLu IPO: More retailers across MENA now eye IPO, up to $100bn in market cap on the way
Strong fundamentals such as stability, sustainability and scalability to drive the IPO surge among the region’s retail and grocery market players
Abu Dhabi
LuLu IPO: How to invest in UAE’s latest blockbuster public listing
Based on the price range, Lulu Retail’s market capitalisation could reach between AED 20.04 billion and AED 21.07 billion
Abu Dhabi Securities Exchange
Dubai real estate supply; Emirates named ‘World’s Best Airline’; $100m startup boost; Best Arab universities; Saudi expat job skill tests – 10 things you missed this week
Dubai real estate supply, ‘World’s Best Airline’, $100m startup boost, Saudi expat job skills and more of the top news stories this week
Lulu
UAE-based digital investment platform Eureeca launches global IPO access product; to debut with LuLu issue
The initiative is part of the company’s ambitious plans to build a digital investment bank to enable accessibility directly from users’ mobile phones
Abu Dhabi
LuLu Chairman Yusuff Ali signals potential Saudi listing; Abu Dhabi IPO to drive growth
Revelations on possible new plans come close on the heels of Lulu announcing its Abu Dhabi IPO plans
Abu Dhabi Securities Exchange
Lulu Retail to offer 25% stake in IPO scheduled for 28 October
2.582 billion shares being offered; Price range to disclosed on 28 October; Shares expected to list at ADX on 14 November
food processing
UAE’s Lulu Group to set up logistics and processing centre in Punjab
Lulu has tied up with the state government to open the centre in Amritsar over 20 acres of land with capacity of producing 200,000 metric tons
food products
Tata Group enters UAE packaged food market with millet-based snacks and breakfast products
Tata Consumer Soulfull will initially introduce millet-based snacks and cereals in the UAE and Kuwait, and expanding to other GCC markets in 6-12 months
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
Dubai
Lulu opens massive hypermarket in Dubai Mall
Lulu Group opens 72,000sq ft hypermarket in Dubai Mall
Lulu Hypermarket
Lulu Hypermarket to host first-ever Taste New Zealand Week in Saudi Arabia
The event aims to highlight the special connection that New Zealand producers have to the land and sea.
Amazon
LuLu, Amazon announce major new online grocery store in UAE
Customers in the UAE will now be able to buy daily essentials and other grocery items from LuLu via Amazon
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