PRTODAY / NewswireToday Free press release distribution service network

More news: Jewelry/Watches
Written by / Agency / Source: Promax Middle East

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Pure Gold Invests AED 200 Million to Boost Regional Expansion - Pure Gold, a major player in both local and international jewellery retailing consolidates its position in the industry as it injects AED 200 million in investment, further strengthening its expansion plans in the region in 2006
Pure Gold Invests AED 200 Million to Boost Regional Expansion

 

NewswireToday - /newswire/ - Dubai, UAE, United Arab Emirates, 2006/03/15 - Pure Gold, a major player in both local and international jewellery retailing consolidates its position in the industry as it injects AED 200 million in investment, further strengthening its expansion plans in the region in 2006 .

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Jewelry/Watches Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

It recently opened a new branch in Muscat City Centre in Oman and will be opening new stores in Kuwait, Qatar and Bahrain by the end of the year. Also scheduled to open are four new shops in leading locations in UAE namely, Lamcy Plaza, Reef Mall, Marina Mall and Uptown Mirdif. With the opening of 30 additional stores in the region, Pure Gold’s overall network of stores will total to more than 60 by end of 2006.

The aggressive expansion campaign is expected to increase Pure Gold’s sales by more than 50%.

While gold jewellery retail continues to be the major seller for the company, Pure Gold projects to take on a significant share from the diamond market. It aims to become the largest and most respected diamond jewellery brand in the country this year.

Firoz Merchant, Chairman of Pure Gold Jewellers revealed, “In order to support our regional expansion strategies, we have tripled our marketing budget this year. Also in the pipeline is our plan to launch 5 in-house and international brands.”

Part of its aggressive expansion campaign is the construction of a diamond manufacturing plant in India which will begin its operations in March. Employing more than 250 workers, the factory will furnish the company’s increasing store requirements.

Pure Gold has recently made a bold move to diversify its brand by franchising non-jewellery high-end international brands. “This year, we are increasing our network in India not only in the jewellery business. We shall launch a new exclusive franchise business in the country with Versace as our first brand and have scheduled to open new stores in Mumbai and Delhi by middle of the year and more shops in other key cities of India by December 2006,” says Merchant.

From humble beginnings as bullion traders in 1989, Pure Gold has become a major player in the region’s local and international jewellery retailing.

“We highly acknowledge and appreciate our company’s growth to the UAE leaders’ unwavering support to the business community. It definitely plays a major role in Pure Gold’s remarkable performance throughout the years, Merchant concludes.”

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Jewelry/Watches Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Promax Middle East

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Jewelry/Watches articles,
CATCH Visitors via Your Competitors Announcements!


Pure Gold Invests AED 200 Million to Boost Regional Expansion

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Cynthia Luna 
04-282 6411 cynthia[.]promax.ae
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Promax Middle East securities in any jurisdiction including any other companies listed or named in this release.

Jewelry/Watches via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Promax Middle East / Company Profile


Read Jewelry/Watches Most Recent Related Newswires:

Todd & Marlon Announces Collaboration with Dean Martin
Khlibko, Khodchenkova, Bondarchyuk Represent Russia At the 69th Cannes Festival
/RC/ James Samson First to Market Brera Orologi in the UK
Nude Diamond Announces Release of New Women’s Diamond Jewelry Collection
Magnetic Products Store Rebounds After Clash with Wikipedia
Glenn Lehrer Collection Coming Soon on Gemporia India
Botta-Design Introduces Slim Lightweight Titanium - Klaus Botta’s NOVA Titan One-hand Watch
Fashion Adore and Pandora Jewelry Announce New Partnership
Quest Fine Jewelers Wins A WeddingWire Couples' Choice Award® 2015
Grown Diamonds Key to Unlocking Future for Diamond Industry Finds Frost & Sullivan
UAE Gems and Jewelry Market to Grow At Over 7% Till 2019 Says TechSci Research
CEO of Diamond Registry Nissan Perla in Spotlight of Luxury Media
Ross Simons Now An Authorized Hearts On Fire Jewelry Dealer
Casio Announces Launch of New Ocean Concept G-SHOCK
Romano's Jewelers Contributes to Lakewood California's Ongoing Retail Growth

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)