https://adgully.me/post/5432/lulu-group-eyes-1-billion-ipo-targeting-growth-and-expansion

LuLu Group eyes $1 billion IPO, targeting growth and expansion

Dubai: LuLu Group International, the Middle East's leading hypermarket chain headquartered in Abu Dhabi, is reportedly exploring a potential initial public offering (IPO) that could raise at least $1 billion. This move signals the company's aspirations for further growth and expansion across the region.IPO plans confirmed: LuLu has officially invited banks to pitch for roles in its planned IPO, confirming earlier reports about a potential listing in 2024.Fundraising target: Initial estimates suggest the IPO could raise at least $1 billion, injecting fresh capital to fuel the company's growth ambitions.Multiple listing possibilities: While confirmed for the Abu Dhabi Securities Exchange (ADX), previous reports hint at a possible dual listing in Riyadh, Saudi Arabia, awaiting official confirmation.Global presence: With close to 260 stores across 26 countries, LuLu boasts a strong regional and international footprint, catering to diverse consumer needs.Financial strength: The company reports an annual turnover of $8 billion and employs over 70,000 people, showcasing its established market position and robust workforce.The Middle Eastern retail sector is anticipated to witness significant growth in the coming years, driven by factors like rising disposable incomes and burgeoning e-commerce. This scenario creates a favorable environment for established players like LuLu to expand their reach.Recent IPOs in the region, such as DEWA and ADNOC Drilling, have garnered strong investor interest. This bodes well for LuLu's potential offering, considering its brand recognition and established track record.Sustainability and e-commerce are emerging as key priorities for regional retailers. LuLu's initiatives in these areas can potentially enhance its attractiveness to investors.LuLu's planned IPO signifies its intention to leverage the growth potential of the Middle Eastern retail landscape. The success of the offering will hinge on the company's ability to articulate its expansion plans, address sustainability concerns, and capitalize on e-commerce opportunities. The IPO could propel LuLu's regional leadership and pave the way for further international expansion.
https://adgully.me/post/5183/lulu-group-unveils-plans-for-indias-largest-shopping-mall-in-ahmedabad

Lulu Group unveils plans for India's largest shopping mall in Ahmedabad

Lulu Group, the UAE-based retailer, is set to embark on the construction of India's largest shopping mall in Ahmedabad, with an estimated cost of Rs 40 billion ($482.67 million). The commencement of construction is scheduled for this year, as reported by the Asian News International (ANI) news agency. Yusuff Ali MA, Chairman and Managing Director of Lulu Group International, announced the ambitious project at the Vibrant Gujarat Global Summit in India.In September 2023, Yusuff Ali had revealed plans for two expansive shopping malls in India, located in Ahmedabad and Chennai. Expressing Lulu's expansion strategy, he mentioned the imminent opening of a shopping mall in Hyderabad by the end of the month, along with plans to establish additional malls and engage in food processing ventures in various states.Lulu Group already boasts malls in six Indian cities: Bengaluru, Lucknow, Hyderabad, Kochi, Thiruvananthapuram, and Coimbatore. Beyond India, the company operates more than 250 hypermarkets and supermarkets across the GCC, Egypt, India, Indonesia, and Malaysia, with a global annual turnover of $8 billion.
https://adgully.me/post/4668/lulu-group-and-sirajpower-forge-a-green-alliance

Lulu Group and SirajPower forge a green alliance

Manama, Bahrain - Lulu Group, a leading GCC retail chain, is excited to announce the expansion of its partnership with SirajPower, the GCC’s leading distributed solar energy provider in the region, further strengthening its commitment to environmental sustainability and green initiatives.Following their successful partnership in the UAE, Lulu Group has entered into a long-term solar lease agreement with SirajPower, facilitating the installation of cutting-edge 10MWp solar rooftop systems across six prominent locations of Lulu Hypermarkets in Bahrain.The comprehensive solar capacity will be distributed among strategic locations, including Lulu Hypermarkets in Riffa and Hidd, the Ramli Mall at A’ali, the Lulu Dana Mall in Sanabis, and the Lulu Logistic warehouses in Sitra. Al Namal Group, a leading local partner in Construction and contracting, real estate, property development and management, health, and hospitality divisions, will provide valuable expertise and services for the installation of these solar systems. These cutting-edge solar panels will generate about 17GWh of clean energy annually, reducing approximately 12,078 metric tons of CO2 emissions annually. This will help Lulu Group achieve its sustainability goals and support the Kingdom of Bahrain’s clean energy vision.The partnership was commemorated during a signing ceremony at Lulu Group’s headquarters in Bahrain, graced by the presence of Lulu Group Director Mr. Juzer Rupawala; Laurent Longuet, Chief Executive of SirajPower; David Auriau, Director and Board Member of SirajPower; Jeeben Varghese Kurian, Executive Director of Al Namal Group and other senior officials from both entities.Juzer Rupawala, Lulu Group Director, commenting on the partnership: “Lulu has always been at the forefront of adopting sustainable options, and our partnership with SirajPower to bring solar energy into our power mix is a conscious choice to align ourselves with the Kingdom’s ambitious environmental goals to reduce carbon emissions by 30% by 2030,“This strategic step is part of a series of affirmative actions that we firmly believe will not only benefit the environment but also contribute to the well-being of our planet,” Rupawala added.Laurent Longuet, CEO of SirajPower said: ‘’We are thrilled to announce our expanding collaboration with Lulu Group as we venture into a remarkable 10MWp solar project in Bahrain. Lulu Group has been an integral partner for SirajPower, and our initial collaboration resulted in the successful completion of the solar carport installation at Lulu Group's Dubai Silicon Central Hypermarket, UAE which continues to produce sustainable energy to this day.” “Our most recent solar project in Bahrain represents a significant milestone in our partnership with Lulu Group and showcases our commitment to developing and delivering clean energy solutions that will support the Kingdom’s ambitious goal of generating 10% of its energy from renewable sources by 2035. Together with Al Namal Group, we expect to create a more sustainable future for Bahrain, and look forward to making a lasting impact," Laurent added. Jeeben Varghese Kurian, Executive Director of Al Namal Group commented: “We are thrilled to be part of this remarkable project. We as a group have always been keen in the renewable energy sector and were one of the very first to be approved as solar contractors here in the Kingdom of Bahrain. It has always been our goal as a group to contribute to the Kingdom's future vision and we are happy to play a part in its sustainable energy goals.”With this groundbreaking accord, Lulu Group sets an inspiring example for other regional retailers, showcasing its proactive approach towards environmental responsibility and embracing renewable energy solutions to significantly reduce its carbon footprint. The partnership with SirajPower underscores Lulu's unwavering commitment to fostering a more sustainable and greener future for Bahrain, in line with the nation's environmental objectives.
https://adgully.me/post/3394/lulu-group-expands-into-poland-with-logistics-hub

LuLu Group expands into poland with logistics hub

LuLu Group, the UAE's prominent retail conglomerate, is expanding its footprint in Europe with the establishment of a logistics hub in Poland. The company has recently entered into agreements with both the Polish Investment and Trade Agency and Olsztyn Mazury Airport to materialize this strategic initiative. This move follows closely on the heels of LuLu Group's inauguration of a sourcing, food processing, and export hub in Italy.In this new venture in Poland, the retail giant is slated to create a facility at Olsztyn Mazury Airport that will be responsible for handling fresh products, including meat, berries, apples, cheese, and various packaged foods, destined for markets in the Middle East, North Africa, the Far East, and India. This forthcoming facility will serve as the company's inaugural logistics center in Central and Eastern Europe.Notably, it will augment the presence of local Polish products on LuLu's supermarket shelves and foster enhanced collaboration between Polish producers, suppliers, and contractors in the UAE. The investment is poised to generate fresh opportunities for local Polish producers, as stated by Pawel Kurtasz, Chairman of the Management Board of the Polish Investment and Trade Agency.A company statement emphasized that "the logistics center in Poland will play a pivotal role in advancing LuLu Group International's business in Central and Eastern Europe." This latest investment underscores the company's continued expansion, further solidifying its position as a major player in the global retail market.
https://adgully.me/post/557/zee5-global-partners-with-lulu-group-in-the-middle-east-for-their-india-utsav

ZEE5 Global partners with LuLu Group in the Middle East for their “India Utsav”

 ZEE5 Global, the world’s largest streaming platform for South Asian content, has partnered with the LuLu Group for their India Utsav celebrations. The announcement was made in a press conference at LuLu Regional Headquarters in Dubai. In the Group’s first ever simultaneous region-wide launch of its celebration of the 75th Indian Independence Day - Azadi Ka Amrit Mahotsav, the “India Utsav” was launched at the same time across the GCC countries on 15th August 2022, Monday at Al Wahda Mall, Abu Dhabi. The festival was inaugurated by H.E. Sunjay Sudhir Indian Ambassador to the UAE, alongside Mr. Yusuff Ali, Chairman and Managing Director of LuLu Group International, Archana Anand, Chief Business Officer of ZEE5 Global, the official partners of this promotion, and other top officials and government authorities at LuLu Hypermarket Al Wahda Mall, Abu Dhabi. “India Utsav” is a retail festival that brings alive the 3 Cs of the Indian experience at LuLu: Culture, Commerce and Cuisine. It showcases the close commercial ties UAE enjoys with India. In celebration of 75 Years of Indian Independence, the "India Utsav" will present a unique immersive shopping experience at LuLu with regional food trails, celebrity visits organised by ZEE5 Global and amazing promotions & Offers on every category from fresh food to grocery to lifestyle and fashion wear in time for the festive season to follow. ZEE5 GLOBAL PARTNERHSIPThis year, LuLu has partnered with ZEE5 Global, the world’s largest platform for South Asian entertainment. As part of the initiative, ZEE5 will be flying in popular actor Sonali Bendre to meet and greet with fans in the UAE. Shoppers at LuLu Hypermarkets across the GCC will also win a free annual subscription to ZEE5’s for every purchase of AED 1,000 and above; and a free one-month subscription or a 50% discount on yearly subscription for every purchase of AED 100 and above.  Speaking on the occasion H.E. Sunjay Sudhir said, “We are delighted to note that LuLu Group is celebrating the India Utsav across all their stores on the historic occasion of Azadi Ka Amritmahotsav and I thank LuLu Group for always promoting India and Indian products through their hypermarkets. No doubt initiatives such as this will go a long way further promoting the trade ties between India and UAE.” Mr. Yusuff Ali said, “Needless to say, India is very close to my heart and mind emotionally. On the occasion of the 75th Independence Day, I would say that the country is an emerging economic superpower, and the visionary foreign policy of PM Modi has led to stronger India-GCC ties and the UAE is emerging as one of India’s staunch business partners. I believe strongly that the LuLu Group can be a key player in this vision of the future for India.” “Apart from product promotion, India Utsav will also showcase rich cultural diversity of India through many shows, competitions and celebrity visits during the campaign period,” added V. Nandakumar, Director of Marketing & Communications, LuLu Group. Speaking on the occasion, Archana Anand, Chief Business Officer, ZEE5 Global said, “It’s a highly exciting time for ZEE5 Global as we have galloped ahead to become the No.1 streaming platform for South Asian content across multiple global markets, including the Middle East. We now look forward to continuing to build on this success through multiple local initiatives and on the back of our compelling content, further deepening our connection with South-Asian audiences here, we are thrilled to partner with LuLu for their India Utsav celebrations. This marks the continuation of a wonderful and deep relationship with them, and with the region.” Key highlights: Special stalls to promote Indian handicrafts, khadi products, Kashmir products, etc.Indian Food Festival to showcase different state cuisines and snacks.Daily cultural shows and competitions.Free subscriptions of ZEE5. KICKING OFF INDIAN FESTIVALS  “India Utsav” will herald LuLu’s celebration also of India’s busy festival months with a series of celebrations, LuLu India Utsav Deals for Indian Independence Day (from Aug 11th – Aug 17th), Janmashtami Specials (Aug 17th – Aug 18th), Ganesh Chaturthi (Aug 25th – Aug 30th), Onam (Aug 30th to Sept 8th), Navratri – (Sept & Oct), and culminating with Diwali (End of Oct).