Malabar Gold & Diamonds opens 300th showroom
By Retail4Growth Bureau | January 20, 2023
With this, the brand becomes the world’s 6th largest jewellery retailer with its 300th global showroom in Dallas and plans further global expansion with plans to also create approximately 6,000 employment opportunities in the retail, manufacturing, technical and management areas.
Malabar Gold & Diamonds has launched its 300th global showroom in Dallas, Texas in the US. Located at Preston Road, this is the third showroom of the company in the US. The showroom makes Malabar Gold and Diamonds the 6th largest jewellery retailer globally with a strong retail network of 300 showrooms across 10 countries.
Commenting on the launch, MP Ahammed, Chairman, Malabar Group, said, “It is a moment of great pride for us as we touch the 300th mark with this new showroom in Dallas. We started off our journey with a small showroom in Kozhikode, Kerala and in less than 30 years, we have built a strong retail presence with 300 showrooms across 10 countries. We would like to thank our customers, shareholders, employees and other stakeholders for their continued support.”
MP Ahammed added, “We will further strengthen our retail presence in the existing markets apart from entering new markets with our differentiated products, services and quality assurances. The support and encouragement from our valued customers and trade partners will motivate us to further accelerate our expansion plans and pursue our goal to become the No.1 jewellery retailer globally. We’ll be further strengthening our manufacturing capabilities to support our retail expansion drive globally.”
Malabar Gold & Diamonds has robust retail expansion plans in India which involve key cities such as Bhopal and Surat as well as key Tier 2 markets such as Iritty, Anakapalle, Nanded, Vapi, Vasai and Vizianagaram.
Malabar Gold & Diamonds also plans to open stores in the UK, Bangladesh, Australia, Egypt, Canada, Turkey and South Africa. These expansions are expected to create approximately 6,000 employment opportunities in the retail, manufacturing, technical and management areas. To further enhance its omni channel initiative, Malabar Gold & Diamonds are availing of services from prominent technology partners such as Microsoft, IBM, Accenture, E & Y, Deloitte.