LuLu Group International: Company Research Report
Company Overview
Name and Mission of the Company
Name: LuLu Group International
Mission: To provide a unique shopping experience to customers with unmatched value in terms of quality of products and services, while continuously exploring new market opportunities and adding value to all its business associates.
Founding
- When was the company founded and by whom: No information is available
- Key people in the company: Yusuff Ali M.A. (Chairman and Managing Director)
- Where is the company headquartered: Abu Dhabi, United Arab Emirates
- Number of employees: 70,000+
- Revenue: USD 8 billion annually
- What is the company known for: LuLu Group is mainly known for its hypermarkets and shopping mall operations. It has expanded into various sectors including manufacturing & processing, hospitality, real estate, and distribution.
Products
What Products Do They Offer
LuLu Group operates in multiple sectors including:
- Retail
- LuLu Hypermarkets: Large-scale retail spaces offering a wide range of products.
- Shopping Malls: Large venues with various retail stores, outlets, and dining options.
- Supermarkets & Dept. Stores
- Express Stores
- LuLu Webstore
- Manufacturing & Processing
- Fair Exports: Specialises in meat processing, fresh produces, spices, and garments.
- Private Label Products: Over 5,000 products concentrated on frozen food and later expanded to non-food collection.
- Distribution
- Al Tayeb Cold Stores & Y International: Focus on global import and wholesale distribution of FMCG products.
- Fair Exports: Global sourcing network across 26 countries.
- Hospitality
- Hotels & Convention Centres: Grand Hyatt Kochi, Marriott properties in India, Waldorf Astoria Edinburgh, and LuLu International Convention Centre.
- Flight Kitchen: In-flight catering service.
- Travel & Tourism: Comprehensive travel solutions including bookings and holiday packages.
- Real Estate
- Y Tower and Y Villas: Residential and commercial properties focused in premium locations.
High-Level Description of the Product
- Retail Services: Covers a broad spectrum from daily groceries to electronics, clothing, and other household items.
- Manufacturing & Exports: High-quality food products, specifically Halal meat, spices, and garments.
- Hospitality Services: Luxury accommodations, event spaces, and travel services.
- Real Estate: High-end residential and commercial properties.
Key Features of Each Product
- LuLu Hypermarkets: Conducive shopping environments and competitive pricing; 1,104,000+ sq. meters of retail space; 1,100,000 shoppers daily.
- Fair Exports: High-standard Halal meat processing; international certifications (ISO, HACCP).
- Al Tayeb Cold Stores & Y International: Extensive cold storage facilities, modern logistics for FMCG products.
- Grand Hyatt Kochi: High-end hospitality services with convention centres adjacent to premium hotels.
- Y Tower and Y Villas: Designed luxurious units for residential and business purposes.
Recent Developments
What Are the Recent Developments in the Company
- Expansion Plans: The company plans to open 18 new hypermarkets and 7 new shopping malls.
- New Partnerships: No specific new partnerships mentioned.
What Are the New Products Launched
- New Hypermarkets and Locations:
- Opened new hypermarkets in Shawamekh, Abu Dhabi; Al Ain; Khamis Mushait, Jeddah, KSA;
- New express store in Dammam, KSA.
What Are the New Features Added to the Existing Products
- Customer Loyalty Program: Launch of "Happiness" loyalty program in Riyadh, offering cash back points and exclusive offers.
- Technological advancements: Features like e-receipt checkout as part of the green initiative for promoting paperless transactions.
Any New Partnerships
- Support from Government Agencies: Collaboration with local authorities for community-oriented projects in Abu Dhabi.
No information is available for the following:
- When was the company founded and by whom
By consolidating robust retail operations with manufacturing, distribution, hospitality, and real estate, LuLu Group International continues to be a multidimensional conglomerate adhering to its mission of providing unmatched value and quality in products and services.