Expecting better sales after the new uniform taxation regime GST from next month, Malabar Gold & Diamonds has drawn up a Rs. 2,000-crore expansion plan to open 80 more stores this financial year. The Kozhikode-based company is the second largest jewellery retailer in the country with 85 showrooms, behind Tata’s Tanishq, and has 97 stores abroad. Its 95 overseas showrooms are spread across six Gulf Cooperation Council (GCC) countries, and Singapore and Malaysia, and the chain is on course to enter Sri Lanka and Hong Kong soon. After all, the company’s domestic retail network expansion plan is an added business advantage for signage companies whose activities involve in in-shop branding, displays and such tasks.
