Malabar Gold & Diamonds, one among the
world's largest five jewellery retail chains, is fast expanding its global
footprint by adding 11 new showrooms across six countries. The 11 showrooms
will be inaugurated in a single day on January 12th.
The opening of new showrooms will take the total retail network of the jeweller
to 208. This is the first time that an Indian jewellery retail chain will
be opening such a large number of showrooms, spread across six nations in a
single day.
The Group will open 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.
Currently, Malabar Gold has 197 showrooms of
which 90 showrooms are in India and
the other 107 showrooms abroad. The rapid expansion of showrooms across
geographies is part of the Group's strategy to fast expand its global footprint.
In 2017 alone, Malabar Group opened 27 showrooms across nations.
"We are getting wide acceptance in the
global market place. This is the major reason we are expanding our global
presence," said Malabar Group Chairman MP Ahammed. "Our core business
values such as adherence to transparency, honesty and quality along with
our value added services, product designs that are suited to every class of
customers' taste, cutting across age groups are the key factors that give us
global acceptance," he said. "In 2018, 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," he added.
As part of its global expansion plans,
Malabar Gold will be opening another 50 showrooms this year in different
formats in various countries. "We will be expanding into new horizons,
marking our presence in countries such as the U.S., Sri Lanka, Brunei,
and Bangladesh," said Malabar Gold
Managing Director of International Operations, Shamlal Ahammed. It has decided
to organize a grand ceremony at Al Hazana in Sharjah to
celebrate crossing the milestone of 200 showrooms globally.
The upcoming showrooms of the group are at
Mannarkad (Kerala), Abbasiya (Kuwait), Himayat Nagar (Hyderabad),
Kondapur (Hyderabad), Mall of Travancore
(Kerala), Noida (UP), South Extension (Delhi),
Vashi (Mumbai), Ludhiana (Punjab), Surat &
Rajkot (Gujarat) and Karim Nagar (Telangana).
In India, the company currently operates
manufacturing units in Kerala, Tamil Nadu, Karnataka, Telangana, Maharashtra,
Bengal and countries abroad include Saudi Arabia, Qatar and UAE.
"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," said O Asher, Managing Director, India
Operations, Malabar Gold & Diamonds.
The Group has earmarked five percent of its
annual profit for CSR activities in five key areas such as housing, health,
environment, women empowerment and education.
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