Malabar Gold to open 20 new showrooms in October in India, abroad
New Delhi (PTI): Malabar Gold & Diamonds, the world's sixth-largest jewellery retailer, on Thursday announced plans to launch 20 new showrooms in October as part of its global expansion strategy.
The company will open three new showrooms in Uttar Pradesh, while two each in Delhi, Maharashtra, Karnataka, and Rajasthan and one new showroom each in Odisha, Telangana, West Bengal and Punjab.
New showrooms will also be opened in Muwaileh in Sharjah; Muaither in Qatar; and Nakheel Mall in Saudi Arabia, as well as North America.
"Opening 20 new showrooms in October aligns with our vision to become the world's leading retail jeweller. Our expansion plan focuses on sustainable and responsible growth that not only drives our business forward but also benefits society," Malabar Group Chairman M P Ahammed said, in a statement.
The new showrooms will offer a diverse range of traditional and contemporary jewellery collections, coupled with a personalized shopping experience.
Malabar Gold currently operates 355 showrooms across 13 countries.
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Iran’s Fars reports missiles hit US warship near Hormuz after it ignored warnings from IRGC
Tehran/Washington: Iran’s Fars News Agency has reported that two missiles struck a US Navy vessel near Jask in the Strait of Hormuz, citing local sources.
According to the report, the vessel was hit after it allegedly ignored warnings from the Islamic Revolutionary Guard Corps (IRGC) to halt.
There has been no official confirmation from US authorities on the reported incident so far.
The development comes shortly after US President Donald Trump said Washington would begin “Project Freedom” to guide stranded ships through the Strait of Hormuz.
US Central Command said the operation would involve 15,000 military personnel along with more than 100 land- and sea-based aircraft, warships and drones.
Further details about the reported strike and any damage or casualties remain unclear.
