GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Lifestyle

 
  Share
Strengthens its global position as a leading jewelleryretailer with 208 outlets
 
Announcement
  • Eight of the 11 showrooms are going to be opened in the GCC countries
  • The company plans to add 50 more showrooms in 2018
  • Malabar Gold & Diamonds' retail network now spreads to 208 showrooms across 9 countries
  • Malabar Gold & Diamonds plans to expand operations in the United States of America, Bangladesh, Sri Lanka and Brunei
  • Bollywood actor Anil Kapoor to be a part of the event celebrating the achievement of 200 stores globally
 
Dubai, UAE. January 10, 2018:  Malabar Gold & Diamonds, one among the BIG 5 jewellery retailers globally, is opening 11 new showrooms across six countries in one single day – Friday, January 12, 2018 – including eight in the Gulf region, taking the total number of outlets to 208 spread across nine countries.
 
This is for the first time that an Indian jewellery retailer has been opening such a large number of showrooms spread across six nations in a single day.
 
The new showrooms would be located in Al Khail Mall, Al Hazana Lulu, Al Buhaira Lulu, Sahara Centre, Ajman City Centre in the UAE, Mall of Qatar, Lagoona Mall in Qatar, Muscat City Centre in Oman, AMK Hub in Singapore, Ampang Mall in Malaysia, and Warrangal in Telangana,India.
 
“The opening of 11 showrooms in a single day across six countries reflects our strong conviction and confidence in the overall growth of the gold and diamond sector, despite challenging circumstances in certain markets. We are getting wide acceptance in the global market place. This is also one of the reasons 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. ” MP Ahammed, Chairman of Malabar Group, told the media at a packed press conference in Dubai.
 
Currently, Malabar Gold & Diamonds has 197 showrooms of which 90 showrooms are in India and 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 FY2017 alone, Malabar Group has opened 27 showrooms across nations.
 
“Despite the bull-run of crypto-currency, introduction of GST in India and VAT in UAE and Saudi Arabia, we believe that the gold and diamond trade will sustain growth in the long run and will remain as the best commodity for investment and as a saving instrument in addition to being used as jewellery.As consumers adjust to the new tax regimes in different countries, we believe, the market will record stronger growth as people adjust their budgets for ornaments.” added Abdul Salam KP, Group Executive Director of Malabar Group. 
 
“In 2018, we will be opening more showrooms as well as manufacturing units. This will fuel our vision to become the topjewellery retailer in the world.”
 
ShamlalAhammed, Managing Director of Malabar Gold & Diamonds' International Operations, said, “In 2018, we will be expanding into new horizons, marking our presence in countries such as the US, Sri Lanka, Brunei, and Bangladesh. As part of its global expansion plans, Malabar Gold& Diamonds will be opening another 50 showrooms in this year in different formats in various countries.”
 
It has decided to organize a grand ceremony at Lulu Al Hazana in Sharjah to celebrate crossing the milestone of 200 showrooms globally.
 
The upcoming showrooms of the group are atAbbasiya (Kuwait),Mannarkad, Mall of Travancore (Kerala), Forum Mall – Bangalore (Karnataka), Himayat Nagar - Hyderabad, Kondapur -Hyderabad, Karim Nagar (Telangana), Noida (UP), South Extension (Delhi), Vashi - Mumbai, Thane – Mumbai, Kolhapur (Maharashtra), Rajkot, Surat (Gujarat) and Ludhiana (Punjab).
 
In India, the company currently operates manufacturing units in Kerala, Tamil Nadu, Karnataka, Telangana, Maharashtra,West Bengal and in Saudi Arabia, Qatar and UAE. 
 
Asher O, Managing Director - India Operations of 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.
 
Malabar Group believes that the most successful companies are those which integrate sustainability into their core business. The group is always proactive when it comes to CSR activities right from the inception. The key focus areas of the CSR initiatives of Malabar Group are in the areas of Health, Education, Women Empowerment, Housing and Environment. The organization has kept aside 5% of its profit for the CSR activities in all the regions that they operate. The group, which currently has showrooms across GCC, India, Malaysia and Singapore undertakes several welfare activities with the association of like-minded organizations in the respective regions.



Posted by : GoDubai Editorial Team
Viewed 52588 times
Posted on : Wednesday, January 10, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Corum Bubble Art For Those Who Appreciate A Work Of Art
Next Story : Transform Your Skin In 2018 with QNET's Revolutionary Elixa Skincare
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Timeless Ties
COLAB - Dry Shampoo
ORANGE & BERGAMOT Awaken the Cult Icon New Additions
The Perfect Gift Mark
FOREO delivers the ultimate festival survival kit for a glow-on-the-go.
New XE 300 Sport Edition Wins Gripping Ice Race
Get Vibrant and lively hair with Rahua's new Color Full Range
Enhance skin radiance, smoothness and brightness in just 14 days, with the new J...
Summertime Beauty Picks at Glambeaute.com
Samsung launches Exciting Smartphone Trade-In Program with Galaxy S9 or S9+
Filorga Mesotherapist Derma Roller
du to Offer New 9.7-inch iPad With Apple Pencil Support
Skyline University College Economics Day 2018: One Step towards Tomorrow
Penny Scallan Design Launches in the Middle East
Dubai Sports Council Pavilion a big hit at Bangkok SportAccord
New Blow Out Bar and Make-Up Studio SWISH by Immaclife Opens in Abu Dhabi in Apr...
Dubai-based Al Kasir Group launches three Crypto assets backed by diamonds
A Royal Ramadan Experience by Master Chef Mama in Pullman Dubai Creek City Centre
Pandora Shine Discover A New Way to Shine
Rolling Cones, a new luxury ice cream concept, launches at the Hyatt Regency Dub...
MINI at Auto China Beijing 2018
The new BMW M2 Competition
Palladio Beauty - a Professional Line of Botanical & Vitamin-Infused Cosmetics
Stylish Nursing wear at Mums and Bumps
Mumzworld Announce Recruitment Drive To Empower Women in the Middle East
Gifts for Ramadan at Hour Choice
Abu Dhabi Ship Building Company Launches Two 64-Meter Landing Ships for the Kuwa...
Toshiba Releases New, Powerful Surveillance and Video Streaming Internal Consume...
Exclusive, Limited‐Edition, Swiss‐Made Cryptocurrency Watches
Sheikh Sultan bin Ahmed Al Qasimi Leads Sharjah Contingent to Kuwait Arab Media Forum
10 Kg gold for 100 winners at Malabar Gold & Diamonds
Olivia Burton Marble Florals - Embrace these styles for a new artistic way to wo...
Genesis G70 Luxury Sedan Arrives in Middle East
Spring/Summer 18 Collection
Mido Ramadan Watch Collection
Understanding what women want Balmain reveals the Madrigal Mini II
Pandora Spring Embrace Nature's Beauty
Etihad Aviation Group Launches Four Initiatives To Commemorate The Year Of Zayed
The Beautiful Britain 2018
Adamavi - Elegant, Timeles S, and Reliable
Airport Show Attracts Influential Aviation Leaders for Global Airport Leaders Fo...
Pinky Goat Launches BROWME
Huawei Brings the Most Coveted Smartphone - HUAWEI P20 Pro to the UAE
April Marks Autism Awareness Month at Nursery Chain
Tommy Fleetwood joins OMEGA's line-up of golfing greats
Get ready for an exciting Ramadan at Danat Al Ain Resort
Mido Multifort Datometer Limited Edition - A piece of history on your wrist
Hamdan Bin Mohammed Heritage Center Participates at Abu Dhabi International Book Fair
OPPO unleashes the new Selfie Expert F7 with a 25 MP AI powered selfie camera
Ashridge to help Saudi leaders explore and implement strategies for growth