Bengaluru, Jan 24: Middle East based prestigious LuLu Group has come forward to invest $300 million in Karnataka in the retail, logistics and hospitality sectors.
As part of this, the first LuLu mall will commence operations in Bengaluru’s Rajajinagar area by August.
LuLu’s first mall in India, in Cochin, is seen as a huge success. It’s not clear how that mall is doing financially, but it became so popular that it had an adverse effect on almost every other mall in the city.
Lulu’s investment plan for Karnataka was communicated during a discussion between chief minister BS Yediyurappa and Yusuff Ali MA, chairman and managing director of Lulu Group, on the sidelines of the World Economic Forum in Davos.
The company will also set up two five-star hotels in Bengaluru through Twenty14 Holdings, its hospitality arm, and a modern logistics centre in the Uttara Kannada region.
Lulu Group’s retail initiative Tablez brought Toys `R’ Us, one of the world’s largest toy store chains, to Bengaluru in 2017. Started in the Phoenix Mall in Whitefield, it competes with Reliance-owned Hamleys.
Tablez has also brought in other international brands such as American ice cream parlour chain Cold Stone Creamery, South Africa based flame-grilled chicken concept Galito’s, and Tablez’ own brand Bloomsbury’s, a boutique cafe and bakery. It has also launched Spanish fashion brands Springfield and Women ’secret.
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Mabrook.... keep it up
kesarinalli kamala :) hahaha.. good I like it i like it , ofcourse great achievement ,but... 150/1 no is very bad ratio ... not even 1% from one particular community ... benefits togolodiikke more than 70% queue iratte and anti India force galalli 99.9% iratte participation .. rashtra seve ge just 1% .. bharata maata ya rakshane ge 1% and bharatha maate a bhakshane ge 99% hahaha ... taaye bharatambe neene dhanya ... bholo bharat mata ki jai ... vande mataram ...
Well done brother
Congratulations Hafiz.
Masha Allah...Great Achievement....keep it up...Congratulation
Congratulations. Keep it up.
CONGRATULATIONS
Masha Allah
Masha allah.... May Allah give him power to serve his responsibility in best way... Congratulations brother...
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