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 68979 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
Childrenswear That Speaks With a Conscience
Versace – Spring/Summer 2019 Collection
Dubai Jewellers Come Together to Celebrate UAE Mothers
Put your best skin forward for Spring/Summer 19' with Kocostar's Camouflage range
The Amphis Ritual
Bentley Centenary Watch Celebrates a Proud Partnership
GROHE Shapes the Future of Water with a record number of innovations at ISH 2019
UL and Saudi Telecom Company announce plans to establish a Center of Excellence ...
Pomsies launch six new Fabulous Friends!
Al-Futtaim Toyota and UAE Government Authorities confiscate 453,456 counterfeit ...
Now United to Perform at World Games' Opening Ceremony Pre-Show
Time to Honour Our Moms with the Best from HONOR: Mother's Day Gift Guide
The Perfect Gift for Mother's Day
Al-Futtaim Honda launches the all-new Honda HR-V
Salvatore Ferragamo Timepieces - Spring/Summer 2019 Collection
Tonda 1950 Stone-set range
Malabar Gold & Diamonds awarded by ‘The Health Education and Promotion Departmen...
Trade-in Your Old Device for a brand new Galaxy S10
Salvatore Ferragamo Timepieces – Spring/Summer 2019 Collection
New in this month at Home and Soul Dubai
Go on, catch the summer moments
Get Kylie Minogue's Youthful Complexation with The Organic Pharmacy's Rose Diamo...
The Balmain Haute Elegance Oval mirrors the brand's soul
Dubai Modest Fashion Week Celebrates a Successful Return for 2019
Giti Tire Celebrates New Beginnings with Opening of First Middle East Flagship S...
World's most expensive perfume ‘SHUMUKH' launched at The Dubai Mall as an exquis...
V-URBAN Versace – Spring/Summer 2019 Collection
Hormann introduces energy saving LPU 67 thermo garage doors for homes
The UAE's Leading Inspirational Home Brand Re-opens in Marina Mall, Abu Dhabi
Ericsson and UNESCO launch new global AI skill development initiative for youth
Desigual ‘Not the Same' Since 1984
LG's Smart Kitchen Appliances Help Families Eat Healthy, Stay Fit and Waste Less
Major Thai paper brand eyes new markets for unique product range at Paperworld M...
Tukish Airlines is moving to its new home, “The Great Move” begins
Visa partners with Starbucks & Hardee's to help promote the use of Apple Pay in ...
Dubai Customs celebrates the Emirati Children's Day
It just keeps getting better: Nokia 3.1 gets a fresh slice of Android 9 Pie
Workspace.ae introduces a range of new office furniture solutions
Speech by HE Abdulrahman bin Mohamed Al Owais, Minister of Health and Prevention...
TREND ALERT: Denim | Marks & Spencer
Sahara Centre Welcomes Customers with the ‘Win Wheels with Meals' Campaign
Etihad Airways Welcomes Ireland's Minister for Transport, Tourism and Sport to I...
Joyalukkas Exchange is now open at Dubai Investment Park 2,UAE
Kronometry 1999-Corum boutique in Paris
All Roads lead to Abu Dhabi for the 26th PIARC World Road Congress 2019
Al Mouj Muscat holds a Fire Evacuation Drill
Dubai Festival City Mall picks the perfect gifts to say thank you to all mums th...
Dubai Cares announces two Education in Emergencies programs in Iraq and Indonesi...
More than 3000 people visit Emirates A380 at first Saudi International Airshow
Continental Technology Powers Jeep® Wrangler's New eTorque Mild-Hybrid System