The Indian jewellery retailer Malabar Gold, which is developing an extensive base in the Gulf region, wants to be a $6 billion (Dh22 billion) company by 2016.
Along with a chain of 220 outlets worldwide, this would, according to a top official, propel the company to be the world's biggest jewellery retailer from its current third position behind Hong Kong-based CTF and Tiffany & Co.
The targets — and the plans that would help meet them — were unveiled yesterday in Dubai. The move assumes significance given that the company's Gulf operations now account for 25 per cent of turnover. An additional 15,000 jobs will also be created as part of the programme.
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