Malabar Gold opens outlet in New Jersey

Malabar Gold and Diamonds, a leading jewellery retailer globally, has opened its second outlet in the US at Iselin, New Jersey.The outlet was inaugurated by John McCormac, Mayor of Woodbridge Township, New Jersey in the presence of M P Ahamed, chairman, Malabar Group; Dr P A Ibrahim Haji, co-chairman, Malabar Group and Shamlal Ahamed, managing director (International Operations).Abdul Salam K P, Group executive director; Asher O, managing director (India operations); Joseph Eapen, president (US operations); other directors, management team members and media were present on the occasion.The jewellery retailer, with retail network of more than 250 outlets, had made its foray into the US (Chicago) in 2018 by opening its 250th store globally. Its strategic plan includes expansion within existing markets and new territories such as Bangladesh, Sri Lanka, Australia, Canada, Egypt and Turkey. In line with its 2023 global expansion plan, Malabar Gold and Diamonds will open 21 new stores in the coming six months.