Malabar Gold & Diamonds aims to expand its reach in India and overseas markets. It is planning to open new stores in New Zealand, Egypt, Bangladesh, and more locations in Europe, and will also strengthen its presence in existing markets such as the US, Canada, UK, and Australia, with a target of opening 100 new stores within the next year, according to a statement. In India, it will expand its reach to Jharkhand, Goa, Assam, Tripura, and Jammu & Kashmir, the company said. Get more Companies News and Business News on Zee Business.
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.
Malabar Gold and Diamonds plans to expand by opening ten new stores, aiming to reach a total of 350 stores globally by March. Currently ranked as the worlds sixth-largest jewellery group and 19th in Deloittes luxury goods global ranking, Malabar is making its first entry into Rajasthan and Puducherry with the new store openings in India.
Malabar Gold & Diamonds: Malabar Gold and Diamonds plans to expand by opening ten new stores, aiming to reach a total of 350 stores globally by March. Currently ranked as the world’s sixth-largest jewellery group and 19th in Deloitte’s luxury goods global ranking, Malabar is making its first entry into Rajasthan and Puducherry with the new store openings in India.