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The grand inauguration of the 300th global showroom of Malabar Gold & Diamonds, the sixth largest jewellery retailer globally with a retail network of 300 showrooms across 10 countries, was held in Dallas, US, a statement issued in Doha said Monday.
Susan Fletcher, Collin County Commissioner and Jeff Cheney, Mayor of Frisco, Texas, jointly inaugurated the showroom in the presence of Shamlal Ahamed, managing director – International Operations. The event was virtually attended by M P Ahammed, chairman, Malabar Group; K P Abdul Salam, vice-chairman, Malabar Group; O Asher, managing director – India Operations and other team members.
The new showroom in Dallas has a display of more than 30,000 jewellery designs from 20 countries across gold, diamonds, precious gems and platinum.
“We started off with a small showroom in Calicut, Kerala, India and today, in less than 30 years, we have a strong retail presence of 300 showrooms across 10 countries. The acceptance and patronage received by the brand gives us the confidence to further speed up the expansion process in becoming the No 1 jewellery retailer globally,” said M P Ahammed.
Malabar Gold & Diamonds has immediate expansion plans into the UK, Bangladesh, Australia, Egypt, Canada, Turkey, South Africa, the statement explained. The future expansions are expected to create approximately 6,000 job opportunities in the retail, manufacturing, technical and management areas related to jewellery trade.
“As the design discovery and initial decision-making of most customers are happening online these days, we are focusing greatly on strengthening our omnichannel retail strategy, for which we are making use of the services of global technology giants,” said Abdul Salam K P.
“In addition to expanding into new markets, we will further strengthen our retail footprint within the existing markets as well,” said Shamlal Ahamed.
“We have an ambitious retail expansion plan in India as well, especially in the North and Central Indian states and are gearing up in a big way to enter new territories as well by setting higher standards in the jewellery trade,” said Asher.
“We will further strengthen our manufacturing capabilities to support our retail expansion drive globally. We will also be hiring skilled artisans and related staff as part of this process,” said Nishad A K, group executive director, Manufacturing & B2B, Malabar Group.
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