Malabar Gold & Diamonds strengthens partnership with Brink's for global expansion

Malabar Gold & Diamonds, the world's sixth-largest jewelry retailer with over 350 showrooms in 13 countries, has expanded its partnership with Brink's Inc. Brink's is a leading provider of cash and valuables management, digital retail solutions, and ATM managed services.

The new agreement extends Brink's services to include cash management for Malabar Gold & Diamonds' stores in the UAE and storage of precious metals in Brink's global facilities.

"Brink's has been our exclusive logistics partner for several years," said Shamlal Ahamed, Managing Director of International Operations for Malabar Gold & Diamonds. "We are excited to expand our partnership. This will optimize our retail operations and drive global growth by improving cash flow, streamlining processes, and providing secure storage for precious metals."

Brink's state-of-the-art cash management solutions will help Malabar Gold & Diamonds' UAE stores optimize cash resources, improve liquidity, and streamline cash handling. This will enhance financial performance, minimize risk, and provide better control over cash reserves.

"This agreement strengthens the partnership between Brink's and Malabar Gold & Diamonds," said Mark Eubanks, President and CEO of Brink's. "We look forward to collaborating as both our businesses grow."

"Malabar Gold & Diamonds has always been a technology leader," commented Abdul Salam K P, Vice Chairman of Malabar Group. "This partnership with Brink's, a trusted and innovative security provider, reflects our commitment to continuous improvement. Brink's services will enhance our global efficiency and support our goal of becoming the world's number one jewelry retailer."

By accessing Brink's sophisticated vaults in key trading locations, Malabar Gold & Diamonds will improve its access to precious metals, further boosting its global growth.