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FINANCIAL NEWS
Lulu to launch its first Indian branch in 2012’s Q1
25 Jul 2011
(MENAFN) Emke Group’s spokesman, V Nandakumar, said that in 2012’s first quarter, the Indian company’s subsidiary, Lulu Group, would launch its first mall in India, reported The National.
Nandakumar added that the cost of the mall, which would be opened in Kochi, Kerala, would reach more than USD353.9 million; it would house more than 300 national and international brands. In addition, the mall would include 7 multiplex theatres, family amusement centers, a bowling alley, restaurants and a food court.
He also said that the group planned to expand its investments in India, taking advantage of the growing emerging market there, where retail sales would be forecasted to expand within the next five years.
It is worth noting that Emke Group is located in Abu Dhabi. It has around 27,000 employees where more than 22,000 of them are Indians, in addition, the company manages several malls in the emirate.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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