Malabar Gold & Diamonds has partnered with Brink’s Inc, a leading provider of cash valuables management and digital retail solutions to boost its global growth.
With this partnership, Brink’s will implement its cash management system at Malabar Gold retail stores in Dubai and allow it access to global precious metals storage facilities globally.
Through Brinks’ state-of-the-art cash management solutions, Malabar Gold’s retail stores in the UAE will optimise cash resources, improving liquidity and streamlining cash-related operations.
Commenting on the partnership, Shamlal Ahammed, managing director international operations at Malabar Gold in a statement said, “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 optimising our efficiency in retail operations and driving Malabar Gold & Diamonds’ global growth.”
Mark Eubanks, president CEO of Brink’s added, “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.”
With an annual turnover of $6.2 billion, Malabar gold currently ranks as the 6th largest jewellery retailer globally with a strong retail network of over 350 stores spread across 13 countries.
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