Latest news with #LuLuRetail
Arab News
22-05-2025
- Business
- Arab News
LuLu's ‘British Food Week 2025' shines a spotlight on prominent UK brands
LuLu Retail has officially inaugurated 'British Food Week 2025' across all its stores in Saudi Arabia, offering customers a week-long celebration of British products and exclusive in-store promotions. The event highlights the strong trade ties between Saudi Arabia and the UK, emphasizing the quality and heritage of British brands. The launch ceremony took place at LuLu's Diplomatic Quarter branch in Riyadh and was officiated by British Ambassador to Saudi Arabia Neil Crompton. He was joined by Shehim Mohammed, director of LuLu Hypermarkets Saudi Arabia, as well as senior representatives from the British Embassy and LuLu management. Running until May 27, British Food Week 2025 features more than 3,438 British products representing 367 established and trusted UK brands. The diverse range includes fresh and frozen foods, dairy items, snacks, beverages, packaged groceries, and health-focused options such as organic and gluten-free products. As part of this year's campaign, LuLu has introduced 40 new items from seven leading UK brands, offering customers in Saudi Arabia exclusive early access to innovative products entering the market. This initiative reflects LuLu's commitment to delivering high-quality international products through strong sourcing partnerships and seamless logistics. Ambassador Crompton said: 'I'm delighted to be part of the opening of British Food Week 2025 at LuLu. It's wonderful to see so many familiar UK products available here in Saudi Arabia, from classic teas and cheeses to new innovations. Events like these remind us that trade is not just about numbers, but about people, tastes, and shared experiences. I thank LuLu for their continued support in bringing British products closer to Saudi consumers.' Mohammed added: 'British Food Week is one of our most anticipated events, and we're proud to bring it back across all LuLu stores in Saudi Arabia. It's a celebration of British quality and a reflection of our strong sourcing partnerships with UK suppliers. With the continued support of our logistics and packaging center in Birmingham, we're able to ensure that a wide variety of British products reach our shelves smoothly and consistently, offering our customers the best of the UK every year.' British Food Week 2025 is currently live across all LuLu outlets in the Kingdom, featuring exclusive promotions and a curated selection of premium British products.
Yahoo
05-05-2025
- Business
- Yahoo
LuLu Retail, UAE government enter deal for exclusive discounts
The Ministry of Finance of the United Arab Emirates (UAE) has formalised a partnership with LuLu Retail to incorporate business-to-business (B2B) e-commerce service, LuLuOn, into the UAE federal government's digital procurement framework. The objective is to bolster the effectiveness and clarity of government procurement operations. The partnership provides federal agencies with direct access to LuLu's extensive product offerings via the government's e-procurement system by leveraging a new feature termed 'Punch Out.' Punch Out feature is anticipated to reduce the procurement timeline from as long as 60 days to mere minutes, concurrently advancing cost management and transactional transparency. The tool permits users to peruse, select, and complete purchases from LuLu while remaining within the procurement system, thereby enhancing the efficiency of the workflow. This collaboration is aligned with the ministry's commitment to transform procurement activities digitally and broaden the network of approved suppliers. Under the terms of this agreement, federal entities are also set to gain from specialised institutional pricing on a variety of products offered by LuLu, encompassing food, groceries, and operational necessities, supported by LuLu's robust global sourcing and delivery infrastructure. At present, the federal catalogue boasts more than 120,000 products and services spanning 35 different categories, supplied by upwards of 400 accredited vendors. The ministry is dedicated to enhancing this platform through deliberate partnerships between public and private sectors that contribute value and innovation to governmental procedures. Financial Affairs Minister of State Mohamed bin Hadi Al Hussaini said: 'This strategic agreement is part of the Ministry of Finance's ongoing efforts to develop and enhance the efficiency of the government procurement system, in line with the federal government's vision for more flexible and sustainable business models. Through this partnership, we aim to provide diverse, high-quality options that meet the needs of federal entities while promoting transparency and competitiveness.' In February this year, Lulu Retail Group announced plans to extend its reach to the suburban zones of major Emirati cities, establishing new retail locations. "LuLu Retail, UAE government enter deal for exclusive discounts " was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Zawya
22-04-2025
- Business
- Zawya
LuLu IPO to drive active expansion, says top executive
The initial public offering (IPO) of LuLu Retail Holdings in November 2024 is seen to catalyse significant growth and expansion, according to a top official. According to Dr Mohamed Althaf, director, LuLu Group International, LuLu's milestone move at the Abu Dhabi Securities Exchange (ADX) has cemented regional trust in LuLu, while empowering the retail giant 'to pursue a bolder, more ambitious trajectory'. 'Our company went public. At some point in our business, we realised that it's time we should share our growth and prosperity with the region that has contributed and enabled our growth,' Dr Althaf told Gulf Times, describing the IPO as 'wonderful' and underscored its success in attracting major sovereign investors from across the region. According to Dr Althaf, the IPO provides LuLu with enhanced opportunities for active expansion, while maintaining its core business model. 'Structurally, fundamentally, our business model is not going to change,' he emphasised, adding that 'what will happen with the IPO is that maybe our expansions will become even more active. We believe that because we have a growth story to meet'. Dr Althaf further noted that the IPO is expected to introduce a shift in the company's governance structure, making it 'far more accountable and transparent'. This accountability and transparency, as well as the financial freedom brought by the IPO, will enable LuLu to expand its footprint into new markets while reinforcing its commitment to Qatar and the region, Dr Althaf pointed out. 'The IPO gives us the freedom and the responsibility that we should continue to invest in our business, stay focused, expand our footprint to markets, and stay committed to countries like Qatar in the region,' Dr Althaf further explained, stressing that LuLu remains deeply aligned with its host nation's development goals. Furthermore, Dr Althaf connected the IPO to LuLu's broader vision of innovation and sustainability. He noted that the company is actively leveraging digital transformation, cloud-based technologies, and AI tools to boost efficiency and achieve sustainability goals. He cited advancements in areas like cold chain management, energy reduction, and e-commerce as examples of LuLu's commitment to progress. 'We will continue to invest in Qatar. We will continue to expand in Qatar. We will do experiments and move ahead,' emphasised Dr Althaf, who reaffirmed the company's dedication to its host nation and the region. Dr Althaf further pointed out that the IPO marks a transformative phase for LuLu Retail, paving the way for active expansions, greater accountability, and a bold vision for sustained growth. On its website, LuLu Retail announced that the 'IPO raised gross proceeds of AED6.32bn making it the largest offering in the UAE in 2024 to date. The offering saw aggregate demand of over AED135bn from local, regional, and international investors, a record for a non-government UAE IPO over the past 10 years, and an oversubscription level of more than 25 times across all tranches (excluding Cornerstone Investors). Cornerstone investors included leading sovereign and institutional investors from across the GCC and beyond'. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
