Saudi FM discusses Syria's security and stability with Ahmed Al-Sharaa    Governor of NDF highlights development strategies at King Abdulaziz University panel    Trump shrugs off Elon Musk's criticism of AI announcement    Bank of Japan raises rates to highest in 17 years    Israel seeks to remain in Lebanon past Sunday withdrawal deadline    Firefighters make progress on Hughes fire as more fires erupt in Southern California    Trump says he will appeal federal judge's decision to temporarily block birthright order    China sentences man to death over attack on Japanese school bus    Injured Djokovic booed off after quitting semi-final    Alkhorayef meets global executives at WEF to boost Saudi industrial growth    Saudi crown prince and US secretary of state discuss over phone ways to enhance cooperation    NMC: Most Saudi regions to witness rain of varying intensity until Monday    Why do athletes earn such high incomes?    1.4 billion people traveled internationally in 2024 as tourism returns to pre-pandemic highs    Julian Quinones' brace secures Al Qadsiah's 2-0 win over Al Orobah    Al Ittihad defeats Al Shabab 2-1 to stay in title race with Al Hilal    Tina Turner's lost Private Dancer song rediscovered    Comeback queens, blockbusters and Succession stars: The Oscar nominations previewed    Dangerous drug-resistant bacteria are spreading in Ukraine    France issues health warning as tons 'aphrodisiac honey' seized    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Malabar Gold unveils $700-m four-year global expansion plan
Published in The Saudi Gazette on 30 - 03 - 2012

Malabar Gold, a leading gold and diamond jewellery company in South India and in the Middle East, has announced a four-year expansion plan to raise its retail network to 220 outlets from 64, with an investment of Rs.35 billion.
The ambitious program is expected to create 15,000 jobs and triple the companies annual turnover to Rs.300 billion (about $6 billion), to make it the world's leading jewellery brand, the company said in a statement. As a first step towards achieving the set milestones, MP Ahamed, Chairman of Malabar Group of Companies, has launched a new identity, Malabar Gold & Diamonds, foreseeing growth in the diamonds jewellery industry. The new identity, he said, seeks to give the company's gold and diamond products an “to a globally diverse clientele”. The plan was announced in association with The Brand Union Middle East, a global brand agency with 35 years' experience and more than 20 offices worldwide. As part of the plan, the company is investing about $100 million (Rs.5 billion) to roll out more than 20 retail outlets in 2012 itself. 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.120 billion), is the third largest jewellery retailer in the world, after Hong Kong-based CTF and Tiffany & Co.

Clic here to read the story from its source.