Indya expands global reach with first exclusive branded store in Malaysia

Indian Retail News: Malabar Gold and Diamonds breaks ground as Canada’s first Indian jewelry retailer

Making history as the first Indian jewelry retailer to establish a presence in Canada, Malabar Gold and Diamonds has opened a new store at Heartland Town Center in the Greater Toronto Area of ​​Mississauga. The move strengthens the brand’s extensive reach across 335 stores across various geographies including the UAE, Qatar, Kuwait, Oman, Saudi Arabia, Bahrain, Singapore, Malaysia, US, UK, Canada and India. As the world’s sixth largest jewelry retailer, this venture makes Canada the 12th country on Malabar Gold & Diamonds’ global business map and the second country in North America.

The virtual inauguration ceremony led by Malabar Group Chairman Dr. Ahmed MP and the ribbon-cutting ceremony by Nina Tangri, Ontario’s Deputy Minister of Business, mark a momentous occasion. The event was attended by key members of the management team including Mr. Shamlal Ahmed, Managing Director, International Operations, Malabar Gold & Diamonds.

Chairman Ahmed said:The opening of our first store in Canada is a matter of immense pride and joy for me and marks a significant milestone for us as the first Indian international jewelery brand to begin operations in Canada.” The company expressed its gratitude to customers, shareholders, and stakeholders who have contributed to the historic store operation. for a moment.

Spanning more than 7,800 square feet, the new store is Canada’s largest jewelry store, featuring more than 30,000 designs across 25 luxury brands and a collection of gold, diamond and precious stone jewelry. The outlet carries a wide collection of bridal jewelry, as well as occasion, daily and office wear options.

Shamlal Ahmed, Managing Director of International Operations, commented on the strategic importance of the North American market and highlighted the company’s ambitious expansion plans in Canada and the United States.

The store has also introduced a customized jewelery design facility, allowing customers to collaborate with Malabar Gold and Diamonds’ expert designers and artisans. Additionally, it boasts a luxurious customer lounge area that provides a comfortable shopping experience.

Abdul Salam KP, Vice Chairman, Malabar Group, highlighted the brand’s commitment to introducing Indian-made jewelery to the world. This expansion plan includes strengthening our retail presence in existing regions by opening new stores and entering new regions.

Malabar Gold and Diamonds’ ESG (Environmental, Social and Governance) commitment is a core aspect, with 5% of net profits earmarked for activities such as health, housing, hunger eradication, education, environment and women’s empowerment. I am. The brand bases its ESG initiatives on the belief that responsible and sustainable practices are essential to business success.

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