Malabar Gold & Diamonds, a Kerala-based gold and diamond retailer, has opened its 300th global showroom in Dallas, Texas, in the United States. This is the company’s third showroom in the United States, and it is located on Preston Road.
“It is a moment of tremendous satisfaction for us as we touch the 300th mark with this new shop in Dallas,” said MP Ahammed, chairman of Malabar Group. We would like to express our gratitude to our customers, shareholders, employees, and other stakeholders for their ongoing support. We will improve our retail footprint in existing markets while also expanding into new markets with differentiated products, services, and quality assurances.”
In the presence of Shamlal Ahamed, Malabar’s managing director of international operations, Susan Fletcher, Collin County Commissioner, and Jeff Cheney, Mayor of Frisco, Texas, jointly launched the showroom. Many other team members, well-wishers, and dignitaries were present during the inaugural celebration.
In addition to the United States, the jewellery retailer intends to open stores in the United Kingdom, Bangladesh, Australia, Egypt, Canada, Turkey, and South Africa.
In India, the company has aggressive retail expansion ambitions that include significant cities like Bhopal and Surat, as well as key tier 2 markets like Iritty, Anakapalle, Nanded, Vapi, Vasai, and Vizianagaram.
Malabar Gold & Diamonds was founded in 1993 and is the flagship company of Malabar Group, a multinational Indian corporate conglomerate with a $4.1 billion annual turnover. It has offices, design centres, wholesale units, and manufacturers throughout India, the Middle East, the Far East, and the United States. The Group employs approximately 16,500 specialists from 26 countries and is controlled by over 4,000 stockholders.
In addition to storefronts, the company sells merchandise on its own website. To further expand its omni-channel approach, Malabar Gold & Diamonds is partnering with key technology partners such as Microsoft, IBM, Accenture, E & Y, and Deloitte.
Malabar Gold & Diamonds, founded in the Indian state of Kerala in 1993, now has a strong retail network of over 285 outlets spread across 10 countries, as well as multiple offices, design centres, wholesale units, and factories spread across India, the Middle East, the Far East, and the United States.
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