Malabar Gold & Diamonds, ranked 6th globally among jewellery retailers with over 355 showrooms in 13 countries, has announced the next stage of its worldwide expansion strategy. The company plans to open 20 new showrooms in October, targeting various locations in India, the GCC, and the USA. This ambitious expansion will significantly enhance the brand's status as one of the largest and most trusted jewellery chains globally.
In India, the expansion includes three showrooms in Uttar Pradesh, two each in Delhi, Maharashtra, Karnataka, and Rajasthan, and one each in Odisha, Telangana, West Bengal, and Punjab. Internationally, Malabar Gold & Diamonds will enhance its presence in the UAE, Qatar, and Saudi Arabia with new locations in Muweilah, Sharjah; Muaither; and Nakheel Mall. Additionally, the brand will expand in North America with two new showrooms in Artesia, Los Angeles, and Atlanta, Georgia.
M.P Ahammed, Chairman of Malabar Group, stated: "The launch of these 20 showrooms aligns with our vision to become the world's top jewellery retailer. Our expansion strategy focuses on sustainable and responsible growth, benefiting both our business and society. We allocate 5% of our profits to ESG initiatives in each region, aiming to positively impact the community."
Each new showroom will feature a diverse range of jewellery, from traditional to contemporary designs, offering an immersive shopping experience. The showrooms will include amenities such as customized jewellery design services and luxurious lounge areas, prioritizing customer comfort and satisfaction.
Shamlal Ahamed, MD-International Operations, commented: "Our decision to open 20 new showrooms in a short period reflects our robust growth strategy and confidence in our markets. We aim to diversify geographically and strengthen our presence in existing markets, offering an experience that delights and inspires our customers."
Asher O, Managing Director of India Operations, noted: "India holds enormous potential, and our expansion is heavily focused here. With reduced import duties, we anticipate a surge in gold jewellery demand, and our expansion plans are well-positioned to meet this need."
Abdul Salam K.P, Vice-Chairman of Malabar Group, added: "The October launch of 20 showrooms is part of our broader expansion plans, including entering new markets like South Africa, Egypt, Turkey, Bangladesh, France, and New Zealand. We are also expanding our product line through Arab and Western Value Chains focused on 21K and 18K jewellery, respectively."
Malabar Group has been committed to ESG initiatives since its inception in 1993, allocating 5% of net profits to these efforts in each operating country. The focus areas include a Hunger Free World, Health, Housing, Education, Women Empowerment, and Environment, with periodic enhancements to remain a socially conscious and responsible organization.
