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The Evolution of Lulu Group International – From a Retail Firm Based in the Gulf to a Multinational Corporation

Lulu is a Retail Giant with its Headquarter Based in Abu Dhabi Founded by Indian Businessman Yusuff Ali

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Published Nov 12, 2026, 9:50:51 AM | Updated Nov 12, 2026, 9:51:20 AM
Lulu Group
Lulu Group
Wikipedia
Introduction

Lulu Group International is a global retail and business conglomerate whose headquarter is located in Abu Dhabi in United Arab Emirates. It was formed by an Indian businessman, M.A. Yusuff Ali, who still serves as chairman and managing director of the company

The Company Has Several Hundred Stores and Employs Many Tens of Thousands Across the Globe

According to the information in the World Economic Forum, Lulu is said to have a revenue of approximately $6.9 billion and over 40,000 employees from 37 countries. According to a September 2026 report, the company has more than 280 hypermarkets and supermarkets operating in 22 countries although previous reports have stated otherwise, making it hard to give precise figures for its stores and countries of operation.

Lulu Goes Beyond Supermarkets into Manufacturing, Distribution, Hospitality, and Real Estate

As described by CB Insights, Lulu is a diversified conglomerate whose focus is in the areas of retail, manufacturing and processing, distribution, hospitality, and real estate. It's hospitality investment arm, Twenty14 Holdings, recently made a $120 million acquisition of Waldorf Astoria Edinburgh.

Expansion in India and the United States Reflects a Wider Global Growth Strategy

India remains a key market. Lulu launched a $300 million mall in Lucknow and has announced a logistics and food processing centre in Amritsar, Punjab, supporting global marketing of Indian agricultural products. In the United States, the group opened food processing and logistics bases in Lyndhurst, New Jersey. At the 2026 World Government Summit, Yusuff Ali also discussed the company's deepening commitment to India.

Supply Chain Control and Private Labels Help Lulu Manage Food Prices in the Gulf


At the Gulfood 2026 exhibition, Yusuff Ali asserted that geopolitical instability, shipping disruptions, and inflation have necessitated having command over supply chains by large retailers.
Lulu also continues to increase its offerings of branded products, according to the company's marketing director, which keeps consumer prices down while retaining high quality. Yusuff Ali is alleged to have discussed the issue of food supply security in the Gulf area with India's Prime Minister Narendra Modi.

Capital Market Aspirations and Philanthropy Have Elevated Lulu's Visibility

In 2024, Lulu caught media attention when it came out in reports that the company was mulling an initial public offering of at least $1 billion to help it expand. In terms of philanthropy, Yusuff Ali contributed AED 150 million, equivalent to about $40.8 million, to the "Mother of the Nation Endowment for Orphans" project, which was formalized by Awqaf Abu Dhabi in March 2026.

Collaboration With Producers Reveal How Lulu Is Opening Up the Door for Exporters of Global Foods

In September 2026, the Armenian government talked about including more products of Armenia in Lulu's hypermarkets and supermarkets. This is an example of the part Lulu Group plays as a gate through which products exported to Gulf consumers pass, which it plays not only for Indian goods but also for those produced in the UAE.

Source
Gulf News; World Economic Forum; CB Insights; Lulu Retail; TradeArabia; Aravot.am
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