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The company aims to open 100 new stores within the next year, along with the addition of 7,000 new employees to its existing workforce of 21,000, reflecting its commitment to inclusive growth. With the strategic expansion plan for India and overseas markets, the brand aims to consolidate its position as a global leader. Beyond its current operations in India, Malabar Gold & Diamonds is set to expand into states like Jharkhand, Goa, Assam, Tripura, and Jammu & Kashmir. ....
German camera and optics manufacturer Leica reported on Tuesday that its annual turnover hit a record level for the third time in a row. The venerable brand based in the town of Wetzlar, near Frankfurt, posted revenue of €485 million ($522 million) in the 2022-23 fiscal year that ended last March. This was an increase of 9% compared to the previous financial year. The Leica Camera Group, which is owned by majority shareholder Andreas Kaufmann and US investor Blackstone, does not publish profit f ....