Latest news with #LuLuGroup
Khaleej Times
23-05-2025
- Business
- Khaleej Times
LOT strengthens its footprint in Sharjah with new flagship store at LuLu Hypermarket
LuLu's value concept store, LOT, has strengthened its footprint in the UAE with the launch of its newest and largest branch in Sharjah at LuLu Hypermarket, Al Wahda Street. This strategic expansion underscores LOT's mission to make high quality products affordable and accessible to a wider customer base. Yusuffali MA, chairman of LuLu Group, inaugurated the new LOT store in the presence senior officials from Lulu. The new 47,000 sqft outlet marks LOT's 14th store in the GCC and the 7th in the UAE, making it the biggest LOT to date. "This expansion is part of our vision to provide customers with quality products at budget-friendly prices. Our growth in Sharjah reflects the increasing demand for value-driven shopping experiences. We are on a track to operate 50 LOT stores by 2025," said Yusuffali MA. The LOT offers a lot of products at unbeatable prices, with many items priced below Dh19. This new initiative ensures that everyone can access high-quality products, including household essentials, kitchenware, fashion for men, women, and children, and more. The occasion was graced by the presence of Saifee Rupawala, CEO of LuLu; Salim M A and Shabu Abdul Majeed, directors of global operations; Anand A V, director of LuLu International Holdings; Mujeeb Rehman, director of Buying; along with several other dignitaries.
Time of India
13-05-2025
- Business
- Time of India
LuLu Group to fund planetarium project in Pinarayi's panchayat
Thiruvananthapuram: A planetarium project is coming up in chief minister Pinarayi Vijayan's native village with financial backing from LuLu Group. The state govt, in a revenue department order issued on April 23, permitted the acceptance of funds from LuLu Group chairman M A Yusuff Ali for the purchase of land in Pinarayi panchayat for the project. The order states that the fund will be directly deposited in the Kannur district collector's account and used to acquire 2.09 acres of land, including a five-metre-wide access road. The land will be registered in the name of the governor, and exemptions have also been sought on stamp duty. It says the planetarium is intended to promote scientific temper among students and the general public. According to official records, the offer of financial assistance came in response to a public appeal from a citizens' committee formed under the leadership of the Pinarayi panchayat president. The proposed site was inspected and deemed suitable by officials from the Kerala State Science and Technology Museum. Owners reportedly agreed to sell the land at a negotiated rate of Rs 1.2 lakh/cent (which means approx. Rs 2.5 crore for the total area). Once the land is purchased, it will be transferred to the higher education department to proceed with the project. The district administration has also provided the govt with survey sketches and land records and sought the necessary approvals for the registration and transfer. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Click Here - This Might Save You From Losing Money Expertinspector Click Here Undo Its correspondence with the govt also acknowledges that LuLu Group agreed to fund the purchase of land following the committee's appeal for voluntary contributions. The project has, however, brought up questions over what prompted the contribution and the unusual route taken to facilitate it. Though private contributions to govt-led initiatives are not new, what stands out in this case is that there is no clear legal framework under which the funding is being accepted. The contribution is not being made through the Corporate Social Responsibility (CSR) route, the standard channel of support for public infrastructure from private companies. Nor is the land being acquired through either of the two usual statutory means — the Land Acquisition Act or voluntary relinquishment by a private individual through the Land Relinquishment Act 1958. At best, this could be categorised as a 'negotiated purchase' by the govt, but even that is done using govt funds. TOI sought the response of the LuLu Group management on what prompted it to fund the project in Pinarayi panchayat, and how it justifies using a non-CSR route for a public project in the absence of a defined legal mechanism. The group has not responded to the query.
Time of India
07-05-2025
- Business
- Time of India
Andhra Pradesh high court issues notices to government on land allotment to LuLu
Vijayawada: The high court on Wednesday issued notices to the state govt to file counter affidavits on land allotments to LuLu Group and the decision to raise Rs 9,000 crore through non-convertible debentures in two separate PIL Paka Satyanarayna moved the PIL, contending that the state govt is about to allot lands to LuLu Group at a nominal price for setting up a shopping mall in Visakhapatnam. Arguing on his behalf, Ashok Ram said the state govt earlier allotted land to the same company and subsequently cancelled the allotment. Again, the govt is planning to allot 13.83 acres of land to govt pleader, K M Krishna Reddy, told the high court that land allotment to LuLu Group is under consideration by the state govt, but a final decision is yet to be taken on whether to give the land as requested. Considering the arguments, the court directed the state govt to present the decision taken on land allotment before it and posted the matter for further hearing after summer another PIL filed by YSRCP MLA Lella Appi Reddy, challenging the issuance of NCDs to raise funds, the high court observed that it is a policy decision of the govt. The court noted that funds are being raised for the development of new on behalf of the petitioner, senior counsel P Veera Reddy said if APMDC fails to repay the money, those who purchased the bonds could take the money from the consolidated fund of the govt by obtaining permission from RBI. This arrangement is illegal and violates constitutional provisions, he the submissions, the high court issued notices to the state govt, directing it to file counter affidavits. The court further clarified that it is not stalling the process of issuing NCDs and said the govt can continue with the process. The matter was posted for further hearing after the summer vacation.
Arabian Business
01-05-2025
- Business
- Arabian Business
UAE finance ministry, LuLu Hypermarket sign deal to boost digital procurement efficiency
The UAE Ministry of Finance signed an agreement with Lulu Hypermarket aimed at improving the efficiency of the government's digital procurement system. The partnership will enable federal entities to access a wide range of catalogue products at competitive prices through the digital procurement platform. Federal entities using the digital procurement platform will also benefit from exclusive discounts, contributing to enhanced public spending efficiency and achieving better value for money. Additionally, the agreement will support the Ministry of Finance's efforts to expand the network of approved suppliers within the digital procurement system, making it easier to access a diverse range of goods at competitive prices and under flexible supply terms. The signing ceremony was attended by Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, and Mr. Yusuff Ali, Chairman and Managing Director of LuLu Group International. Al Hussaini said the agreement is in line with the federal government's vision for more flexible and sustainable business models. 'The collaboration with LuLu Group represents an important step in the Ministry's efforts to expand its network of partnerships with the private sector and to strengthen its role as a key partner in the UAE's economic development. 'It also reflects our commitment to adopting advanced digital solutions that enhance spending efficiency, ensure continuity of supply, and support the government's vision for a smart, integrated, and sustainable financial system,' the minister said. Yusuff Ali said by providing high-quality products through the federal catalogue at competitive prices, the company reaffirm its commitment to supporting the government's vision of achieving efficiency and sustainability in resource management. 'The launch of the 'Punch Out' feature between the digital procurement platform and LuLu Group's website marks a qualitative leap in the integration of e-procurement processes,' he said. The 'Punch Out' feature enables users from federal entities to directly navigate to the supplier's e-commerce platform via the digital procurement system, select products, submit orders, and complete the procurement process smoothly and efficiently. LuLu Hypermarket is among the first suppliers to activate the 'Punch Out' feature, demonstrating the ongoing expansion of the digital platform's integration with top local suppliers. The agreement with LuLu follows the ministry launching the Federal Government Procurement Procedures Manual in February to streamline procurement operations and facilitate implementation of the law across all federal entities.
Khaleej Times
22-04-2025
- Business
- Khaleej Times
LuLu Express now open at Y Tower, Reem Island, bringing convenient retail closer to the community
Reem Island, one of Abu Dhabi's most vibrant residential and commercial destinations, has welcomed its second LuLu store with the grand opening of LuLu Express at Y Tower. The new smart-format store was officially inaugurated on Monday by Engineer Khaled Nasser Al Menhali, executive director of the Urban Planning Sector at Abu Dhabi City Municipality, in the esteemed presence of Yusuffali M A, chairman of LuLu Group, and other senior dignitaries. Marking another significant milestone in the group's strategic expansion across the UAE, LuLu Group announced plans to open 19 additional stores in Abu Dhabi, further strengthening its commitment to accessibility and community-centric retailing. "LuLu's expansion is progressing as scheduled. We are committed to increasing accessibility and convenience across the UAE, with 19 new projects in the pipeline for Abu Dhabi alone," stated Yusuffali M A during the ceremony. Catering to the fast-paced urban lifestyle, the 850 sq m LuLu Express is strategically located near Reem Village and adjacent to Sorbonne University Abu Dhabi. Designed with a modern, efficient layout, the store offers a highly curated selection of daily essentials, international grocery favourites, and freshly prepared food, making it a go-to destination for residents, professionals, and students in the area. A standout feature of the store is its hot food section, serving a diverse menu of Arabic, Continental, and Asian cuisine — freshly made and ready to go. The store also offers a frictionless shopping experience with dedicated self-checkout counters and ample parking space for 30 vehicles, ensuring maximum convenience for visitors. The inauguration was also attended by Ashraf Ali M A, executive director of LuLu Group; Saifee Rupawala, CEO of LuLu Group; Salim V.I., chief operating and strategy officer; Prasad K K, chief financial officer, and other senior officials.
