Lulu group eyes greater play in Hyderabad, India – ET Retail

Lulu group eyes bigger play in Hyderabad, India Hyderabad: The $8.2 billion UAE-based Lulu Group Worldwide is eyeing an even bigger play within the Indian retail and hospitality markets, with large-format malls and lodge tasks within the pipeline in Hyderabad and different cities, a high official of the group advised TOI right here.

Whereas it’s planning to pump in Rs 1,500-2,000 crore for Lulu mall tasks in Hyderabad, Lucknow and Bengaluru, it has lined up a Rs 2500 crore for establishing lodge tasks in cities like Bengaluru the place it has two upcoming properties, Adeeb Ahamed, managing director, Tablez and Twenty14 Holdings, mentioned right here on Friday.

“We have now malls unfold over almost 1 million sq ft developing in Hyderabad, Lucknow and Bengaluru. We have already got two tasks beneath growth in Bengaluru, at the same time as we’re evaluating different retail and hospitality tasks in India,” he defined.

The Lulu group can even be investing Rs 350 crore in India by 2021 finish by means of its organised retail enterprise Tablez, which brings world manufacturers to India, by establishing a number of shops throughout eight manufacturers throughout the nation, mentioned Ahamed, who was on the town to announce American ice-cream model Chilly Stone Creamery’s foray into Hyderabad with two shops.

Tablez is the grasp franchisee for worldwide manufacturers like Springfield, Girls’s Secret, ToysRUs, BabiesRUs, Construct-A-Bear, GO Sport, YOYOSO and Chilly Stone Creamery.

“By 2020 finish, we hope to be a Rs 250 crore turnover firm (Tablez) with 85 shops throughout the nation as towards the present 61 shops reducing throughout manufacturers. Within the subsequent 12-24 months, we count on to carry all of the manufacturers in our retail portfolio into the Hyderabad market. We are going to begin with increasing our Chilly Stone chain right here.” he mentioned.

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