Malabar Gold & Diamonds is set to open ten new stores, with the goal of reaching 350 stores by the month of March.
Presently, Malabar holds the position of the world’s sixth-largest jewellery group and ranks 19th in Deloitte’s global luxury goods ranking.
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The new store openings in India include Latur, Satara, and Nagpur in Maharashtra; Kolar and Whitefield in Karnataka; Jaipur in Rajasthan; Chandni Chowk in Delhi; Vanasthalipuram in Andhra Pradesh; Patiala in Punjab, and Puducherry. Notably, this marks Malabar Gold & Diamonds’ first entry into Rajasthan and Puducherry.
The company also announced its plan to ramp up its workforce to one lakh within the next three years, as mentioned in a press release.
MP Ahammed, Chairman of Malabar Group said, we have achieved great progress at the global level by embracing the concept of ‘Make in India, Market to the World’
“This accomplishment brings immense joy, not only to us but also to jewellery enthusiasts in the 14 countries where the brand is present. As we prepare to open ten new stores, we express our sincere gratitude to all our valued customers, team members, and investors who have played a key role in making this possible. With each new store opening, we are moving closer to our goal of becoming the world’s number one jewellery and luxury brand,” he said.
The company is extending its global footprint by inaugurating new stores in New Zealand, Egypt, Turkey, and South Africa, alongside its existing operations in other countries.
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