Malabar Opens London Store, its First in Europe
June 28, 23
(IDEX Online) - Malabar, the Indian jewelry retailer with over 300 outlets, has opened its first European store, in London.
The company, founded in 1993, has expanded to the Middle East, the Far East, and the United States.
It now has an annual revenue of $5.2bn and is the world's sixth-largest jewelry retailer.
The company's chairman M.P Ahammed, said: "We are one step closer to our dream of becoming the world's largest jewellery retailer."
The new Malabar Gold & Diamonds store officially opened yesterday (27 June) at the East Shopping Centre.
"Over the years, we've served customers in the UK and Europe through our stores in India and the Middle East," said Shamlal Ahamed, Malabar's managing director - international operations.
"Now to give our customers a more personalised shopping experience, we're expanding our presence into Europe."
Pic shows local MP Lyn Brown opening the new store.