Malabar Gold & Diamonds Broadens Partnership with Brink’s Inc., Embracing Innovative Strategies.
Malabar Gold & Diamonds, the 6th largest jewelry retailer globally with over 350 showrooms across 13 countries, have extended their partnership with Brink’s Inc., a leading provider of cash and valuables management, digital retail solutions, and ATM Managed Services, to utilize their cash management services in the UAE & precious metal storage facilities globally.
“Brink’s Global Services has been Malabar Gold & Diamonds’ exclusive logistics partner for several years, and we are very excited to expand our longstanding partnership with them. By broadening the scope of our partnership to cash management services across our retail stores in the UAE and precious metal storage facilities globally, we are further optimizing our efficiency in retail operations and driving Malabar Gold & Diamonds’ global growth”, commented Mr. Shamlal Ahamed, MD-International Operations, Malabar Gold & Diamonds.
Through Brinks’ state-of-the-art cash management solutions, Malabar Gold & Diamonds’ retail stores in the UAE will optimize cash resources, improving liquidity and streamlining cash-related operations. By utilizing these solutions, Malabar Gold & Diamonds can enhance their financial performance, minimize risk, and maintain better control over their cash reserves.
“The signing of this agreement is a great example of the strong partnership between Brink’s and Malabar Gold & Diamonds. We look forward to many more years of successful collaboration as we continue to grow our businesses alongside each other,” commented Mark Eubanks, President and CEO of Brink’s.
“Malabar Gold & Diamonds has always been a pioneer in the adaptation of technology and our latest venture with Brink’s, a name that is synonymous with security, trust and excellence, is a testimony to our never ending strive for innovation. The advantages that the Brink’s cash management services and precious metal storage facilities offers us will add another layer of efficiency to our global operations, aiding us on our path to become the world’s no 1 jewelry retailer”, commented Mr. Abdul Salam K.P, Vice Chairman of Malabar Group.
With access to Brinks’ sophisticated vaults, Malabar Gold & Diamonds will be able to access precious metals across key trading locations, boosting their global growth.
Editor’s Note
About The Brink’s Company
The Brink’s Company (NYSE:BCO) is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services. Our customers include financial institutions, retailers, government agencies, mints, jewelers and other commercial operations. Our network of operations in 52 countries serves customers in more than 100 countries. For more information, please visit our website at www.brinks.com
About Malabar Gold & Diamonds
Malabar Gold & Diamonds was established in 1993 and is the flagship company of Malabar Group, a leading diversified Indian business conglomerate.
With an annual turnover of $6.2 billion, the company currently ranks as the 6th largest jewellery retailer globally and today has a strong retail network of over 350 outlets spread across 13 countries in addition to multiple offices, design centres, wholesale units, and factories spread across India, Middle East, Far East, the USA, the UK, Canada & Australia. The group, owned by more than 4,000 shareholders, has more than 21,000 professionals from over 26 countries working towards its continued success. Malabar Gold & Diamonds also features an online store http://www.malabargoldanddiamonds.com providing customers the opportunity to purchase their favorite jewellery at any time and on any day from the comfort of their homes.
ESG (Environmental, Social & Governance) has been the primary commitment of the group since its inception. The key ESG focus areas of Malabar Group are Health, Housing, Hunger Free World, Education, Environment and Women empowerment. Integrating the principles of responsibility and sustainability into its core business, Malabar Group periodically strengthens its ESG goals to remain a socially conscious and responsible organization. The group contributes 5% of its profit to such initiatives in the same country of operation.
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