How Adeeb Ahamed of the LuLu Group is foraying further with food, toys and fashion - News Summed Up

How Adeeb Ahamed of the LuLu Group is foraying further with food, toys and fashion


With 20 per cent year-on-year growth, the financial services firm has gone from 1 to 150 stores across nine countries under his watch and had a turnover of $4.7 billion last year. Eventually, he joined wife Shafeena Yusuff Ali’s Tablez, a brand retailer under the group, and expanded it quickly by bringing in some of the world’s popular F&B chains to India and the Middle East. “In India, mothers and adolescent daughters shop for lingerie together, and this store is not intimidating.We thought we could align with those kind of values,” he says. “We’ve been expanding; now it’s time to consolidate.”He sees signs of progress in India. For the moment, Ahamed is content to sit back and watch how Indians take to Spanish-designed knit tops and striped jumpsuits.


Source: Economic Times August 19, 2017 18:44 UTC



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