Deloitte names Emke Group as one of world’s fastest growing firms


February 16, 2014 | By RetailME Bureau

UAE-based Emke Group, which runs the Lulu chain of supermarkets, has been named among the fastest growing retailers in the world over a five-year period. The company, was ranked 11th in a list of the biggest growing retail businesses published by Deloitte, which also listed the world’s 250 biggest names in the sector.

According to Deloitte, the retailer averaged CAGR of more than 25% between 2007 and 2012 and the group’s revenues in 2012 exceeded $4.5 billion. Emke Group is the only entry in the global 250 list (ranked 197th), which was headed by US giant Walmart whose revenues in 2012 stood at $469 billion, followed by the UK’s Tesco.

Emke Group plans to open 42 new Lulu Hypermarkets in the next two years. It will open seven new hypermarkets in the UAE in 2014-15, six in Oman, four each in Qatar and Kuwait, three each in Bahrain and Egypt and 15 in Saudi Arabia. New markets are also being pursued in Malaysia, Indonesia, Iraq, Algeria, Morocco and Libya. To beef up its retail and exports business, the group was also seen investing heavily in developing a logistics centre and cold storage facility in Kochi.

Comments

comments

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /



Walmart announced this week that it will offer Paramount Global’s streaming service 

Continue Reading

August 19, 2022 | By RetailME Bureau

Employee retention has been on every company’s minds, especially since the fears 

Continue Reading

August 16, 2022 | By Shruthi Nair

The Frozen Chicken’ as Spinneys was fondly referred to back in the 

Continue Reading

August 8, 2022 | By Shruthi Nair

Veppy.com, a Q-Commerce marketplace startup just announced their go live date in the 

Continue Reading

July 20, 2022 | By Justina Eitzinger

GMG, a global well-being company retailing, distributing, and manufacturing a portfolio of leading 

Continue Reading

July 19, 2022 | By Justina Eitzinger

Lulu Group International recently introduced the world’s first AI-powered Food Delivery Robot 

Continue Reading

May 9, 2022 | By Shruthi Nair

Eid Al-Fitr is an occasion to gather with your friends and family 

Continue Reading

April 29, 2022 | By Zubina Ahmed

Leading retailer LuLu Group further strengthened its presence in the Emirate of 

Continue Reading

April 28, 2022 | By RetailME Bureau

Jones the Grocer, the Australian gourmet grocer and café chain, announces further 

Continue Reading

April 28, 2022 | By RetailME Bureau

What is a perfect healthy snack for Ramadan? An assortment of  dried 

Continue Reading

April 14, 2022 | By Zubina Ahmed

With Ramadan almost at it’s first week, we are wondering where can 

Continue Reading

April 6, 2022 | By Zubina Ahmed

In spirit of the holy month, Amazon announced that it will contribute 

Continue Reading

April 5, 2022 | By RetailME Bureau




f
Download Images RetailME Magazine