Malabar Gold & Diamonds opens 300th showroom in Dallas, USA

TDT | Manama                      

The Daily Tribune – www.newsofbahrain.com   

The grand inauguration of the 300th global showroom of Malabar Gold & Diamonds, the 6th largest jewellery retailer globally with a strong retail network of 300 showrooms across 10 countries, was held in Dallas, USA.

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; KP Abdul Salam, Vice-Chairman, Malabar Group; O Asher, Managing Director – India Operations, other team members, well-wishers and dignitaries.

“It is a moment of great pride for us as we touch the 300th mark with this new showroom in Dallas, USA.

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; all thanks to our customers, shareholders, employees and other stakeholders,” said MP Ahammed, Chairman, Malabar Group.

Malabar Gold & Diamonds currently operates in 10 countries and has immediate expansion plans into the UK, Bangladesh, Australia, Egypt, Canada, Turkey, South Africa.

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 like Microsoft, IBM, Accenture, E&Y, Deloitte etc..’, said Abdul Salam KP, Vice Chairman, Malabar Group.

“We are very excited about our future growth plan and will immediately be expanding into new markets, including the UK, Bangladesh, Australia and Canada, followed by Egypt, Turkey & South Africa.

Apart from this, we will further strengthen our retail footprint within the existing markets as well,”said Shamlal Ahamed, Managing Director – International Operations, Malabar Gold & Diamonds.

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, catering to the design preferences of those residing in and around Dallas.

‘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 O Asher, Managing Director – India Operations, Malabar Gold & Diamonds.

“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.

This will also further bolster our mission, “Make in India, Market to the World,” said Nishad AK, Group Executive Director, Manufacturing & B2B, Malabar Group.

Malabar Group said it believes that the most successful companies are those which integrate responsibility and sustainability into their core business and commit 5% of their profit to support socially responsible purposes both in India and abroad, since its inception in 1993.

Hunger, Health, Education, Women Empowerment, Housing and Environment are the key focus areas for the Group