Abu Dhabi-based leading supermarket chain Lulu Group has appointed investment bankers Moelis & Co as advisor for the planned IPO next year, confirmed V. Nandakumar, Director, Marketing & Communications, Lulu Group.
Founded by Yusuffali MA, Lulu Group is one of the largest food and grocery chains with 239 hypermarkets and supermarkets across the GCC.
The retailer is on an aggressive growth path in existing and new markets such as Iraq, North Africa and more. It has sourcing offices in 23 countries including the US, the UK, Spain, Italy, Turkey, Far East and China, which ensures uninterrupted supply to all its hypermarkets.
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/ What does it take to sustain profitable growth in the post-IPO phase?
Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in
“Retail is a people’s business. When building a retail brand or the
From being one of the first retailers in Dubai to ban single-use
For starters, Rabbit is a growing e-commerce grocery platform in Egypt always
In 2024 grocery retail major Choithrams has achieved several milestones underscoring its
Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital
The regional grocery retail market is evolving fast keeping pace with constantly
From ethical and local sourcing to adopting cutting-edge technologies to curb food
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