Lulu Group makes $82 million investment in UK-based firm

The UAE-based supermarket chain Lulu Group has bought a 10 percent stake in UK-based trading firm The East India Company and a 40 percent stake in its fine foods subsidiary for around $82 million in total.The new investment will enable the fine foods unit to expand its store network in Europe, the Far East and prepare for a launch in the United States, M.A. Yusuff Ali, managing director of Lulu