This marks the first time that Cannes has awarded its prestigious lifetime achievement prize to a company rather than an individual
Malabar Gold & Diamonds, one of the world’s largest jewellery retailers with a strong network of over 260 outlets spread across 10 countries, inaugurated two new showrooms in Eluru, Andhra Pradesh; and Kompally, Hyderabad, Telangana, India.
This is part of the brand’s expansion plan to launch 56 stores globally, 40 across India and 16 internationally in the FY21-22 to further boost its retail presence across the country, with an overall investment of $220 million and generation of 5,000 new jobs.
With an area of 3,500 and 3,000 sq ft respectively, the Kompally and Eluru showrooms offer a superior shopping experience and exceptional design diversity with quality assurance and excellent after-sales customer service.
Both the stores display a wide range of bridal jewellery, traditional jewellery, and daily wear jewellery in gold, diamond and platinum.
MP Ahammed, chairman of Malabar Group, said: ‘We would like to express our gratitude to customers and stakeholders for their wholehearted support in the illustrious journey of Malabar Gold & Diamonds.
With trained in-store staff and proactive management, the Eluru and Kompally stores will successfully replicate the excellent service for which the group is known globally.”
This marks the first time that Cannes has awarded its prestigious lifetime achievement prize to a company rather than an individual
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