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History and background of Lulu Guinness. Lulu Guinness handbags are currently sold to some of the most exclusive stores in the world. Lulu also has three successful retail stores—one in London and two in the US. In 1999, she opened her first store on Ellis Street just off Sloane Street. In September 2001, Lulu opened her first US store in the heart of the West Village in New York City.