Malabar Gold to open 21 outlets in six months, opens second store in US

By

Maverick Martins

Published
Sep 3, 2019

Indian jewelllery retailer Malabar Gold & Diamonds as part of its expansion plans will be opening 21 new stores in India and abroad over the next six months.
 

The company opened its second outlet in the US at Iselin, New Jersey on August 31. It entered the USA market last year with its first store at West Devon Avenue, Chicago.
 
Malabar Gold is looking to enter new markets and will be opening stores in countries like Bangladesh, Sri Lanka, Australia, Canada, Egypt and Turkey in the coming months. The company will also be strengthening its presence in India by opening across tier 1, 2 cities in north and central India.

“We are getting wide acceptance in the global and Indian marketplace. Our core business values such as adherence to transparency, honesty, quality along with our value-added services, and product designs that suit every class of customers cutting across age groups, are the key factors that give us global acceptance,” said MP Ahammed, chairman of Malabar Group, in a statement.
 
“We will be opening more showrooms as well as manufacturing units along with skill development centers to groom the youth and absorb them in various job profiles. This will fuel our vision to become the top jewelry retailer in the world,” he added.
 
Malabar Gold currently has a retail network of 250 outlets spread across 10 countries and also sells online through select e-commerce websites in India.