Brink’s Incorporated, a market leader in cash and valuables management, digital retail solutions, and ATM managed services, will strengthen its partnership with Malabar Gold & Diamond.
The new partnership includes the implementation of Brink’s cash management system at Malabar Gold & Diamonds‘ Dubai retail outlets, as well as the use of Brink’s global precious metals storage facilities. Brink’s Global Services has long been Malabar Gold & Diamonds‘ exclusive logistics partner, using its innovative vault system to transfer precious metals to major trading hubs across the world. This relationship is expected to considerably increase Malabar Gold & Diamonds‘ global expansion, as the company operates over 350 outlets in 13 countries.
“Brink’s Global Services has been Malabar Gold & Diamonds‘ exclusive logistics partner for several years, and we are very delighted to deepen our long-term relationship with them. “We are further optimizing our efficiency in retail operations and driving Malabar Gold & Diamonds‘ global growth by broadening the scope of our partnership to include cash management services across our retail stores in the UAE and precious metal storage facilities globally,” said Shamlal Ahammed, MD-International Operations, Malabar Gold & Diamonds.
Malabar Gold & Diamonds‘ retail outlets in the UAE will use Brink’s cutting-edge cash management systems to maximize cash resources, improve liquidity, and streamline cash-related processes. Malabar Gold & Diamonds can improve its financial performance, reduce risk, and gain more control over its cash reserves by implementing these solutions.
“The signing of this agreement exemplifies Brink’s solid collaboration with Malabar Gold & Diamonds. We look forward to many more years of successful partnership as we build our businesses together,” said Mark Eubanks, President and CEO of Brink’s.
“Malabar Gold & Diamonds has always been a technology pioneer, and our latest collaboration with Brink’s, a name synonymous with security, trust, and quality, demonstrates our unwavering commitment to innovation. The benefits that Brink’s cash management services and precious metal storage facilities offer us will add another layer of efficiency to our global operations, assisting us on our goal to being the world’s number one jewelry retailer,” stated Abdul Salam K.P, Vice Chairman of Malabar Group.