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2014-Feb-20
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Malabar gold to invest rs low price 3 Gold and diamond jewellery retailer malabar gold has announced a four-Year expansion plan to raise its retail network to 220 outlets from 64 with an investment of rs 3, 500 crore. The programme is expected to create 15, 000 jobs and triple the company annual turnover to rs 30, 000 crore(About $6 billion)To make it the world leading jewellery brand, the company said in a statement. As a first step towards achieving the set milestones, the company has launched a new identity, malabar gold diamonds, foreseeing growth in the (click here) diamonds jewellery industry. The plan was announced in association with the brand union middle east, a global brand agency with 35 years getoutofthemud experience and more than 20 offices worldwide. As part of the plan, the company is investing about $100 million(Over rs 500 crore)To roll out more than 20 retail outlets this year.This will raise the number of retail outlets in various parts of the gcc and india to 84 outlets. Malabar gold diamonds, whose turnover last year exceeded $2.4 billion(Rs 12, 000 crore), is the third largest jewellery retailer in the world, Buy Tiffany after Hong Kong-Based ctf and tiffany co.

 

 

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