Malabar Gold & Diamonds Continues Expansion

WEDNESDAY, AUGUST 28, 2019 11 Malabar Gold & Diamonds continues expansion To open second outlet in USA at Iselin, New Jersey on Saturday 21 new stores to• be opened in the coming 6 months To extend operations to• Bangladesh, Sri Lanka, Australia, Canada, Egypt and Turkey in the coming years The new expansion will• see Malabar Group increase its headcount to 13,500 professionals Manama alabar Gold & Dia - monds, one of the Mworld’s largest jewellery retailer, announced an am- bitious global growth plan in line with its FY 2023 global expansion plan laid down by the brand in October 2018. The brand will be opening 21 new outlets in the coming 6 months. ‘We are getting wide acceptance in the global and Indian market place. Our core business values such as adherence to New Jersey Showroom is Malabar Gold & Diamonds’ second outlet in the USA transparency, honesty, quality along with our value-added ser- The company’s plan of a major vices, product designs that suit- expansion in the international ed to every class of customers’ market includes new territories taste cutting across age group such as Bangladesh, Sri Lanka, are the key factors that give us Australia, Canada, Egypt and global acceptance. In 2019 too, Turkey. we will be opening more show- Malabar Gold & Diamonds is rooms as well as manufacturing the jewellery retail arm of the units along with skill develop- diversified business conglomer- ment centres to groom the youth ate Malabar Group that includes and absorb them in various job other business verticals such profiles. This will fuel our vi- as real estate developments, sion to become the top jewellery shopping malls, hypermarket, retailer in the world,” said MP technologies, retailing of home Ahammed, Chairman of Mala- appliances & electronics, watch- bar Group. es, franchisee retailing and As a part of its expansion plan, services. Malabar Gold & Diamonds is The new expansion will see all set to open its 2nd outlet in Malabar Group increase its the USA at Iselin, New Jersey on headcount to 13,500 profes - Saturday. Their first outlet in sionals on direct payroll and ex- the USA located at West Devon pects to further generate more Avenue, Chicago was opened jobs within the next five years in November 2018. The Group to manage the planned growth currently operates retail outlets and expansion. spread across ten countries in The group has a unique busi- New Jersey Showroom interior India, Middle East, Southeast ness model where its expansion Asia and the USA. Its massive ex- is fuelled by investors who be- entities who share the same vi- tors. organization has kept aside 5 India, Malaysia, Singapore & pansion plan will see the compa- come shareholders in different sion, dedication and passion. The key focus areas of the CSR per cent of its profit for the CSR USA undertakes several wel - ny expand its footprint across all entities in a very transparent Around 19.4 per cent of these initiatives of Malabar Group are activities in all the regions that fare activities with the as - Tier 1 and Tier II cities in North ownership model. Malabar Gold investors is full-time employees in the areas of Health, Educa- they operate. sociation of like-minded or- and Central India – to cater to & Diamonds currently have over with the Group, including the tion, Women Empowerment, The group, which current- ganizations in the respective the growing jewellery market. 4,000 investors under different front-end managers and direc- Housing and Environment. The ly has showrooms across GCC, regions. ZEE5 Global, EUROSTAR to roll out offline subscriptions ZEE5 subscriptions to be available offline through Eurostar retail outlets across GCC countries TDT | Dubai 18.99 AED and 149.99 AED re- Kum Kum Bhagya, Originals like Shaan Jethwani, Executive n yet another key announce- spectively without needing a Kaafir (starring Dia Mirza) and Director of Eurostar said “We Iment for the Middle East re- credit card. Select outlets will The Final Call (starring Arjun are thrilled and privileged to join gion, Global digital entertain- also provide a full product demo Rampal) and much more. The hands with ZEE5. The current ment platform ZEE5, yesterday for customers. bouquet also packs in 60+ Live paradigm shift on consumers announced its partnership with ZEE5 will provide EUROSTAR TV channels including ZEE TV, TV watching, coupled with Eu- UAE based digital retail giant, the customers in the GCC access ZEE Keralam, ZEE Tamil, ZEE rostar’s legacy on Pay TV dis- EUROSTAR Group to 100,000 hours of content in Marathi, top news channels, and tribution along with ZEE5’s un- The partnership will enable 17 languages, including Hin- others. matchable content prepositions people across the GCC countries di, Malayalam, Tamil, Bangla Archana Anand, Chief Busi- are poised for sure success and to access ZEE5’s huge library of and Marathi. ZEE5’s content ness Officer, ZEE5 Global said, it’s going to create a new ex - 100,000 hours of entertainment catalogue spans across 2000+ “With the largest range of Indian perience for audiences in their content through subscription movies including Bollywood content including 2000+ movies living room.” packs available at Eurostar and Blockbusters and World Digital and exclusive TV shows across ZEE5 can be downloaded from its partner outlets across GCC. Premieres like Simmba (Ran- genres, ZEE5 is fast becoming the Google Play Store or iOS App Customers in UAE and oth- veer Singh), Kedarnath (Sushant the go-to destination for Indian Store. The app is also available er GCC markets can choose Singh Rajput, Sarah Ali Khan), content for multiple audience on Samsung Smart TVs, Apple between ZEE5’s daily, weekly, Veere Di Wedding (Kareena segments in the GCC who want TVs, Android TVs and Amazon monthly and annual subscrip- Kapoor Khan), TV shows like compelling stories in the lan- Fire TV. ZEE5 is also available on tion packs, at 1.49 AED, 5.99 AED, Sembaruthi, Chembaruthi and guage of their comfort.” www.ZEE5.com. .

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