World’s third largest jewellery retailer, Malabar Gold & Diamonds, along with celebrating 20 years of existence has opened its 100th store in India. Located at Gold Souk, Gurgaon, with this new store the brand aims retail presence across the country.
The jewellery retailer has a strong presence across South India and Middle-Eastern countries will now expand it presence in cities including Gurgaon, Kolkata and Ahmedabad. Internationally, the brand aims to expand in Singapore, Sri Lanka, Indonesia, Malaysia and Bangkok, over the next few months. The new cities and countries are being looked at to accelerate sales.
“We have chalked out a long-drawn strategy to attract more and more young men and women and widen our product offerings to a more global audience. The company is embodying a change to help scale greater heights and to serve discerning customers better. As a step in this direction, Pink chic-the new mini boutique, Everafter wedding bands & Valent- men’s brand will be launched during the 20th anniversary celebration span. We are looking at a younger and more elite crowd which has a strong affinity towards the latest trends. This market is a major driver for growth in today’s industry and Malabar’s new avatar is all set to create a mark within this niche.” said M. P. Ahammed, Chairman, Malabar Group.
The store is running special offers for customers for next 21 days.
- Jeweller goes with kiosks to tap the young (gulfnews.com)
- Proven Tips to Buying Online Diamond Jewellery (businessgrowthservices.wordpress.com)
- Indian jewellers could make beeline for Dubai (gulfnews.com)