Malabar Gold and Diamonds, one of the world’s largest retail chains, is fast expanding its global footprint by adding another 11 new showroom across six countries. The 11 showrooms were inaugurated in a single day on January 12th. The opening of new showrooms will take the total retail network of the jeweler to 208. This is for the first time that an Indian jewellery retail chain has been opening such a large number of showrooms spread across six nations in a single day.
The Group opens showrooms in a string of malls in the UAE such as Al Khail Mall, Al Hazana Lulu Mall, Al Buhaira Lulu Mall, Sahara Centre, Ajman City Centre, Mall of Qatar in Qatar, Lagoona Mall, Muscat City Centre in Oman, AMK Hub in Singapore, Ampang Mall in Malaysia, and Warangal in Telangana, India.
Malabar Group Chairman MP Ahammed said “We are getting wide acceptance in the global market place. This is the major reason we are expanding our global presence. Our core business values such as adherence to transparency, honesty, quality along with our value added services, product designs that suited to every class of customers’ taste cutting across age group are the key factors that give us global acceptance. We will be opening more showrooms as well as manufacturing units. This will fuel our vision to become the top jewellery retailer in the world”.
Malabar Gold & managing director of International Operations Shamlal Ahammed said “As part of its global expansion plans, Malabar Gold will be opening another 50 showrooms in this year in different formats in various countries. We will be expanding into new horizons, marking our presence in countries such as the US, Sri Lanka, Brunei, and Bangladesh. It has decided to organize a grand ceremony at Al Hazana in Sharjah to celebrate crossing the milestone of 200 showrooms globally.”
O Asher, Managing director, India Operations, Malabar Gold & Diamonds said “The group is planning to set up more showrooms as well as manufacturing units in the country, eventually generating more employment opportunities and enhancing initiatives like `Make in India’ being implemented by the Government of India.”