|
Kerala-born Yusuffali making waves in Gulf
Tuesday April 24, 2012 10:11:05 AM,
IANS
|
|
|
|
|
Related Articles |
|
 International Interfaith Harmony award for Yusuf Ali
NRI business magnate M.A. Yusuf Ali has been selected for the
prestigious Interfaith Harmony Award specially endowed with United
Nations' Interfaith Harmony Week initiatives and observations.
Ali is one of Kerala's most
» |
Abu Dhabi: Kerala-born M. A. Yusuffali is today dubbed as one of
the most influential Indians in the Gulf Cooperation Council (GCC),
a political and economic alliance of six Middle Eastern countries
- Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain,
and Oman.
He is the first non-Arab elected member of Abu Dhabi Chamber of
Commerce and Industry, Khaleej Times reported.
The Thrissur-born Yusuffali is managing director of the Middle
East's retail giant Emke Lulu Group. The group is all set to
register a 20 percent business growth this year, hitting $5.4
billion as the UAE's home-grown regional brand expanded outlets to
100 with the opening of a hypermarket at its newly built mall last
week.
Lulu, which started out as supermarket and department store chain,
has gradually moved onto to the big format hypermarkets (retail
store that combines a department store and a grocery supermarket),
and now manages 10 shopping malls in the GCC, said Yusuffali.
The retail major, accounting for 32 percent of the retail business
within the GCC, cruised to a 19 percent sales growth in 2011 to
$4.5 billion despite the general downturn.
Yusuffali said despite the global financial meltdown and
industry-wide recession, the Lulu Group has gone ahead with its
plan. It opened 23 hypermarkets and shopping malls in last three
years in almost all major cities of the GCC.
Speaking to reporters over the weekend, Yusuffali said Lulu
brand's success story would continue apace with the opening of
more outlets in the Middle East and India this year.
He said the retail major would have four new stores in 2012 in the
GCC and Egypt and would make a retail foray into India with the
opening of a hypermarket by end-2012.
The group's next move is to launch a "Webstore".
"One of the most popular and recognised local brands of the
region, Lulu today is a market leader in almost all the countries
that they operate," he said.
|
|
Home |
Top of the Page
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Top Stories |
|
 Sea of
humanity at All India Muslim Personal Law Board's Mumbai
convention
The 22nd convention of All India Muslim Personal Law Board (AIMPLB)
which began in Mumbai Friday, ended late in the evening on Sunday
with a mammoth gathering at Azad Maidan
»
Indian Muslims cautioned to remain vigilant
to safeguard Islamic Sharia
|
|
|
|
Most Read |
|
 Singhvi quits as Congress spokesperson, parliamentary panel chief
Congress
MP Abhishek Manu Singhvi Monday resigned as chairman of the
parliamentary standing committee on law and justice and as party
spokesperson
»
|
|
Nuclear scientist
Mustafa found dead in his Kalpakkam quarters
Nuclear
scientist Mohammed Mustafa, 24, was found dead in his quarters at Kalpakkam, around 80 km from here, with his wrists slashed Monday
evening, police said.
Speaking to IANS, a police official in Kalpakkam said: "We found
Mustafa with his wrists slashed. We were
»
|
|
|
|
News Pick |
|
 Government recognition a silver lining for
Bengal's madrassas?
The announcement of recognition to a large number of madrassas
by the West Bengal government has brought a glimmer of hope to
thousands
»
|
|
 For 12 years, Kashmir widow hunts for
missing son
Twelve years after her son was allegedly arrested by the Nepal
police, Zubeida, a 65-year-old Kashmiri widow, has said that she
has been
»
|
|
Chhattisgarh slows down anti-Maoist drive
till Menon's release
The Chhattisgarh government has virtually called a halt to its
anti-Maoist offensive till Sukma District Collector Alex Paul
Menon is released from
»
Collector’s abduction: Maoists want eight
cadres freed
|
|
|
|
Picture of the Day |
|
 |
|
India successfully flight-tested the Long Range Ballistic
Missile (LRBM) Agni-V (A-5) from wheeler’s island, in Odisha
on April 19, 2012. With the launch, India stormed into an
exclusive club of nations, including US, Russia and China.
(Photo: DPR (MOD))
|
|
|
|
|
Comments
|
Quick links