Comments
Leading jewellery retailer Malabar Gold and Diamonds today said it will go for aggressive expansion with a target to reach 500 branches by 2015 from the present 100.
The company is planning to invest about Rs 2 to 4 crore on each branch, including the cost of land; it will also open seven branches in Tamil Nadu in a year, Malabar Group Regional Director V S Shafeekh told PTI here.
Shafeekh, at the inauguration of 21-day Diamond Show by the company here, said that diamond sales were growing at 10 to 15 per cent year on year.
He added the demand for gold had not come down, since the customers wanted to exchange old jewellery with the new one.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.