Malabar Gold plans to launch 20 new showrooms in India, overseas in October | Company news

Malabar Gold & Diamonds, the world’s sixth largest jewelery retailer, on Thursday announced plans to launch 20 new showrooms in October as part of its global expansion strategy.

The company will open three new showrooms in Uttar Pradesh, while two in Delhi, Maharashtra, Karnataka and Rajasthan and one new showroom each in Odisha, Telangana, West Bengal and Punjab.

New showrooms will also be opened in Muwaileh in Sharjah; Muaither in Qatar; and Nakheel Mall in Saudi Arabia as well as North America.

“The opening of 20 new showrooms in October aligns with our vision to become the largest retail jewelery jeweler in the world. Our expansion plan is focused on sustainable and responsible growth that not only boosts our business but also benefits society,” Malabar Group chairman MP Ahammed said in a statement.

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