Malabar Gold & Diamonds opens outlets in 6 countries on the same day

Officials of Malabar Gold & Diamonds address a press conference in Dubai.
Updated 12 January 2018
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Malabar Gold & Diamonds opens outlets in 6 countries on the same day

Malabar Gold & Diamonds has announced the opening of 11 new showrooms simultaneously across six countries on Jan. 12 including eight in the Gulf region, taking the total number of outlets to 208 spread across nine countries.
This is the first time that an Indian jewelry retailer has opened showrooms in six countries the same day.
The new showrooms would be located in Al-Khail Mall, Al-Hazana Lulu, Al-Buhaira Lulu, Sahara Centre, Ajman City Centre in the UAE, Mall of Qatar, Lagoona Mall in Qatar, Muscat City Centre in Oman, AMK Hub in Singapore, Ampang Mall in Malaysia, and Warrangal in Telangana, India.
“The opening of 11 showrooms on the same day across six countries reflects our strong conviction and confidence in the overall growth of the gold and diamond sector, despite challenging circumstances in certain markets. We are getting wide acceptance in the global market. This is also one of the reasons we are expanding our global presence. Our core business values such as adherence to transparency, honesty, quality along with our value-added services, product designs suited to every class of customers’ taste cutting across age group are the key factors that give us global acceptance,” MP Ahammed, chairman of Malabar Group, said at a press conference in Dubai.
Currently, Malabar Gold & Diamonds has 197 showrooms of which 90 are in India and the remaining 107 showrooms are located in other countries. The rapid expansion of showrooms across geographies is part of the group’s strategy to fast expand its global footprint. In 2017, Malabar Group opened 27 showrooms in different countries.
“Despite the bull-run of crypto-currency, introduction of general sales tax (GST) in India and value-added tax (VAT) in the UAE and Saudi Arabia, we believe that the gold and diamond trade will sustain growth in the long run and will remain as the best commodity for investment and as a saving instrument in addition to being used as jewelry. As consumers adjust to the new tax regimes in different countries, we believe the market will record stronger growth as people adjust their budgets for ornaments,” said Abdul Salam KP, group executive director of Malabar Group.
“In 2018, we will be opening more showrooms as well as manufacturing units. This will fuel our vision to become the top jewelry retailer in the world.”
Shamlal Ahammed, managing director of Malabar Gold & Diamonds’ international operations, said: “In 2018, we will be expanding into new horizons, marking our presence in countries such as the US, Sri Lanka, Brunei, and Bangladesh. As part of its global expansion plans, Malabar Gold & Diamonds will be opening another 50 showrooms in different formats in various countries this year.”
It has decided to organize a grand ceremony at Lulu Al- Hazana in Sharjah to celebrate the milestone of reaching 200 showrooms globally.
The upcoming showrooms of the group are at Abbasiya (Kuwait), Mannarkad, Mall of Travancore (Kerala), Forum Mall — Bangalore (Karnataka), Himayat Nagar — Hyderabad, Kondapur — Hyderabad, Karim Nagar (Telangana), Noida (UP), South Extension (Delhi), Vashi — Mumbai, Thane — Mumbai, Kolhapur (Maharashtra), Rajkot, Surat (Gujarat) and Ludhiana (Punjab).
In India, the company currently operates manufacturing units in Kerala, Tamil Nadu, Karnataka, Telangana, Maharashtra, West Bengal and in Saudi Arabia, Qatar and the UAE.
Asher O, managing director of India Operations of Malabar Gold & Diamonds, said: “The group is planning to set up more showrooms as well as manufacturing units in the country, eventually generating more employment opportunities and enhancing initiatives like ‘Make in India’ being implemented by the Indian government.”


Bosch opens flagship store in Jeddah

Updated 16 February 2019
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Bosch opens flagship store in Jeddah

European home appliances brand Bosch has opened its flagship store in the Kingdom. The showroom, located in the heart of Jeddah, was recently inaugurated in the presence of Holger G. Ziegeler, the German consul general in Jeddah. 

Spread across 300 square meters of built-up area, the new Bosch store makes room for a product display ranging over 100 different appliances and models, all designed by German engineers. 

The showroom follows a two-story structure, with the ground floor dedicated to product showcases according to themes and categories. 

It hosts a welcome area, a brand heritage and innovation wall along with areas dedicated to kitchen inspiration, cooling, laundry, cooking and baking. The floor above makes room for a live cooking area and a “Perfect Kitchen” concept. 

“Our new flagship store strengthens our brand presence in the Saudi market and complements our existing network of outlets — which are currently in shop-in-shop forms,” said BSH Home Appliances CEO Tomas Alonso.

He added: “This purpose-built space will help us deliver the quality, innovation, design intelligence and efficiency that Bosch stands for. Bosch prioritizes innovation in the service of a healthy balanced life, and I look forward to people exploring the concept themselves in this beautiful new space.” 

The showroom will also showcase the strides Bosch is making toward intelligent eco-friendliness, where appliances reduce their energy and water footprints. Consumers not only give back to the environment but also save costs through reduced utility bills. 

The store, operated by Bosch Home Appliances Saudi Arabia distributor and partner Abdul Latif Jameel Electronics, also serves as a logistics hub for Bosch products across the Kingdom.

“Bosch products have proved very popular with Saudi households thanks to the brand’s association with quality, trust and excellent design. Bosch products are invented for life, with the goal of making life noticeably easier, healthier and more balanced. We are proud to be exclusive partners and distributors of Bosch in the Kingdom, and are delighted to be able to welcome customers to a new, easily accessible location,” said Hisham Hamza, CEO of Abdul Latif Jameel Electronics.

The showroom is open from 9 a.m. until 9 p.m., Saturday to Thursday.

BSH Bosch und Siemens Hausgeräte GmbH is the largest manufacturer of home appliances in Europe and one of the leading companies in the sector worldwide. 

The group was founded in 1967 as a joint venture between Robert Bosch GmbH (Stuttgart) and Siemens AG (Munich). Today, BSH operates 40 factories in 13 countries in Europe, the US, Latin America and Asia.