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  • Lulu Group opens Y Mall at Thrissur India

    Lulu Group opens Y Mall at Thrissur India

    Lulu Group Chairman and Managing Director, M.A. Yusuff Ali dedicated the newly-opened Rs 250 crore mall project – Y Mall to his home town on 29 December, 2018. M.A.Yusuff Ali’s grandchild, Ayan Ali cut the ceremonial ribbon, officially inaugurating the mall. Speaking at the inaugural event, M.A.Yusuff Ali said that the 2.5 lakh sq.ft Y Mall at Triprayar in the Thrissur district of Kerala and the 4.6 acres of land on which it has been constructed is his endowment towards worthy initiatives.

    He declared that Y Mall will be under the ownership of the ‘Y Foundation’ and the profits from the mall will be contributed towards various charitable activities under the foundation, including assistance for the places of worship in the town, who will collectively receive Rs 19 lakhs every year from the profits of Y Mall.

    This will be in addition to the various charity works under the Y Foundation, Y Mall will provide an incredible shopping, dining and entertainment experience for all the people in and around Triprayar. The Mall is within easy reach from Ernakulam, Calicut, Thrissur and almost all landmarks and prominent facilities.

    The mall features Lulu Xpress Freshmarket, which houses everything from food and grocery, ready to eat food, mobile and electronics to home décor. Home to over 40 international, national and local brands in the categories – watches; footwear; men, women and kids fashion, lingerie and innerwear, denims and casuals, accessories, eyewear, mobile and electronics,  books/gifts/toys; beauty and wellness; bags and more, the mall
    has everything to satisfy a shopper’s needs.

    Customers can visit Kerala’s first ToysRus store at Y Mall along with brands like 1946, Baby Care, Label M, My G, Jockey, Vismay, Wrangler, Sylcon, Lens and Frames, Arabian Souk, WCDI, Blackberrys Casuale, Ajmal Perfumes, La Femi, Blossom, American Tourister, Super 99 and Lulu Forex. Bank of Baroda and salon services are expected to commence within a month or two. Café Coffee Day is located on the ground floor of the mall and Chennai Ananda Bhavan on the second floor.

    The 225 seater food court is a food lover’s paradise with brands like Baskin Robbins, ChicKing, Burger Hub, Fujian Express, Dosa Tawa, Tea Stop, Pulp Factory and Chak De serving a variety of cuisines including Chinese; North and South Indian; Burgers and
    Fries, Arabic, Juices and ice creams.

    Half of the third floor is dedicated to the entertainment zone by Sparkys, which hasinnumerousvideo games; bump-a-car; carousel rides; a soft play area and many more fun-filled rides. The mall has basement parking provision and spacious open parking area for more than 800 vehicles.

    Equipped with prayer halls, feeding room, reserved parking spaces and washrooms for differently abled; special parking for pregnant women; bag, umbrella and helmet park zones;
    ambulance, ATM, money exchange and more, Y Mall is a destination for travellers and localities alike.

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  • Yoyoso plans its entrance to India

    Yoyoso plans its entrance to India

    Chinese lifestyle brand Yoyoso has partnered with Indian retail operation Tablez to bring its outlets to India.

    Ma Huan, president of Yoyoso, said Indian is one of the most important parts of the global market for the business.

    “It’s a great opportunity for both Yoyoso and Tablez.”

    Tablez’ parent company LuLu Group also has plans to open hypermarkets in Yoyoso’s base city of Yiwu, as well as other Chinese cities.

    Tablez MD Adeeb Ahamed said: “Through mutual cooperation, we are confident that Yoyoso will bring plenty of surprises and happiness to a new generation in India.”

    Yoyoso is a discount store, similar in nature to Miniso and Mumuso.

  • LuLu Financial Group expands Philippines footprint with remittance service

    LuLu Financial Group expands Philippines footprint with remittance service

    Abu Dhabi-based LuLu Financial Group, one of the largest retail conglomerates in the UAE, is expanding its presence in the Philippine remittance and foreign exchange industry.

    The move aims at encashing the strong economic ties between Middle East and the Philippines and the increasing number of the deployment of overseas Filipino workers in the region.

    A significant chunk of the nearly $30 billion sent home each year by almost five million expatriate Filipinos can be channeled toward more productive sectors like helping finance the government’s infrastructure buildup program, reported Inquirer.

    “The economic bond between the Philippines and the nations of the GCC are strong and getting stronger, given the large number of Filipinos working there and sending money back home,” LuLu Financial managing director and CEO Adeeb Ahamed had reportedly said earlier.

    He was referring to the GCC region, which played host to an estimated 2.2 million Filipino contract workers. About one-fourth of the yearly dollar remittance tally that helps boost the Philippine economy comes from this region, the report said.

    Ahamed was quoted as saying that this huge potential encouraged LuLu Financial to open its third foreign exchange and remittance office in the Philippines to better serve Filipino clients in its home region.

    LuLu Financial is a non-banking financial organization. It deals in foreign exchange, global money transfer and salary and wage administration. It has 132 branches worldwide, staffed by over 1,500 employees.

    Ahamed reportedly said the group had the physical network to be able to serve GCC-based Filipinos’ remittance needs close to their workplaces.

    He said the remittance business in the Middle East might already be crowded, but LuLu Financial’s ties with its parent gave it the advantage of being closer to its clients.

    Ahamed said it would be a good idea for the Philippines to try to harness the financial muscle of remittances from overseas Filipinos, similar to what the India had done.

    He reportedly cited the case of a major international airport in India which was built with funds raised from overseas Indian workers through retail placements of equity shares.

    “This was built using the public-private partnership model,” he said.

    “Funds were raised, airport was completed and the retail shareholders saw the value of their stocks rise sharply. This is something the Philippines can also do.”

    For starters, Ahamed was quoted as saying by Inquirer, it would be a good idea for the government to forge ahead with its plan to create a bank dedicated to serve the OFW community.

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  • Pancake House heads for Dubai

    Pancake House heads for Dubai

    Philippines-based Max’s Group has signed a contract to launch Pancake House in Dubai.

    The QSR and cafe operator will open at least eight Pancake House restaurants in the UAE in partnership with master franchisee Lulu Group.

    Max’s Group is the Philippines’ largest operator of fast food and QSR restaurants, and this week’s deal is one of several to expand into the fast growing Middle East market. Max’s other brands include Max’s Restaurant, Yellow Cab, Krispy Kreme, Jamba Juice, Max’s Corner Bakery, Teriyaki Boy, Dencio’s, Meranti, Le Coeur De France, Maple, Kabisera, Singkit and Sizzlin’ Steak.

    The first eight Pancake House stores will open progressively over the next five years.

    “We are pleased with the opportunity to further broaden our reach in the UAE this time around for Pancake House. We are excited with our partnership with Lulu Group, an established retailer with a storied and rich history of success, to serve our products to the Emiratis,” said Max’s Group president and CEO Robert Trota.

    Lulu Group will operate the Pancake House restaurants under its Tablez Food subsidiary, which already has a strong portfolio of restaurants, cafes and ice cream stores in the UAE and India.

    “At Tablez we have always believed in bringing in unique brands from around the world in the evolving and highly competitive food and beverage sector in the gulf region,” said CEO Shafeena Yusuff Ali.

    “I am excited that UAE and the gulf region is home to a large Filipino community and a brand like Pancake House will be a big hit and also gives us a chance to present this brand to other diverse nationalities residing here.”

    Max’s Group has previously said it wants to open at least 200 stores outside the Philippines by 2020.

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  • LuLu Group to open first Indonesian outlet by end-2015

    LuLu Group to open first Indonesian outlet by end-2015

    The first LuLu Hypermarket in Indonesia will be opened in Jakarta by the year-end as the group has announced plans to invest $500mn in the country over the next five years. The announcement came during the visit of Indonesian President, Joko Widodo to Abu Dhabi. He visited LuLu Hypermarket along with a high-level delegation at Khalidiyah Mall in Abu Dhabi.

    “With an initial investment of $300mn in the first phase, we plan to open some 15 hypermarkets by the end of 2017 and a central logistics and warehousing facility in Jakarta. These projects are likely to generate more than 5,000 job opportunities for Indonesians and help train them at all levels” said MA Yusuffali, LuLu Group managing director. The fact that we are going to Indonesia with our Halal Hypermarket concept, is giving us the encouragement to look for a wider market segment there” Yusuffali said.

    Apart from Jakarta, LuLu intends to open hypermarkets in Bandung, Solo, Semarang, Surabaya and Yogyakarta.
    “We also plan to set up contract farming to ensure continuous supply of high-quality products and support the Indonesian agriculture sector,” Yusuffali added.

    The Indonesian president is on a five-day state visit to Saudi Arabia, the United Arab Emirates and Qatar, to boost the country’s ties with the three countries, particularly on investment, trade and Indonesian migrant worker protection.
    Coordinating Minister of Economy Darmin Nasution, Trade Minister Thomas Lembong, Minister of National Development Plans Sofyan Djalil, State Secretariat Minister Pratikno, head of the Investment Coordinating Board Franky Sibarani and Cabinet Secretary Pramono Anung were also part of Widodo’s delegation.

    The Indonesian president was given a rousing welcome at the LuLu Hypermarket by Yusuffali; Saifee Rupawala, CEO; Salim MA, director; Rajmohan Nair, director – LuLu (Far East Operations); and a large number of Indonesian expatriates.
    President Widodo and the accompanying delegation were taken to a guided tour of the hypermarket by Yusuffali who briefed him about specialties of the retail store.

    The president later said his visit to LuLu Hypermarket was to see Indonesian products mainly agricultural products and asked Yusuffali to import more products from villages and towns in Indonesia. A LuLu release said Widodo inquired about the prices as well of the various Indonesian products imported to Abu Dhabi.  The LuLu chain currently operates some 117 stores across the UAE, Oman, Bahrain, Kuwait, Qatar, Saudi Arabia, Yemen, Egypt, and India.