Sat, 30 Sep 2023

NewsVoirMumbai (Maharashtra) [India], June 2: Malabar GoldDiamonds, the 6th largest jewellery retailer globally with 317 retail outlets across the Middle East, the Far East, the USAIndia, has won a major legal battle against brand impersonation in Islamabad, Pakistan. The case was filed by the brand against Muhammad Faizan, a Pakistani national, who was operating a jewellery store illegally in the name of Malabar GoldDiamonds in Islamabad, Pakistan. In addition to using the brand name and other trademarks of Malabar GoldDiamonds to operate his jewellery store, Faizan also managed social media pages in Pakistan using the brand name, brand ambassadors, and product images of Malabar GoldDiamonds.

Upon the filing of the civil case by the legal team of Malabar GoldDiamonds, the Pakistani court immediately ordered the takedown of all "Malabar GoldDiamonds" sign boards and to stop all usage of the brand name and trademarks. As the accused refused to abide by the court orders, Malabar GoldDiamonds filed a contempt petition in court, resulting in the accused being arrested, imprisoned, and presented in the Court. Since jail imprisonment was an assured outcome of the civil case, Faizan approached Malabar GoldDiamonds for a settlement and subsequent agreement to the conditions put forth by the brand. This included the withdrawal of the trademark application filed by the accused for registering 'Malabar GoldDiamonds' under his name, and publishing confession and declaration in all editions of major English and Urdu newspapers chosen by Malabar GoldDiamonds; all of which Faizan agreed to and complied.

"Ours is a business that has been established on the foundation of trust. The brand value that we have painstakingly built over the years is very dear to us and any attempts to exploit the goodwill and reputation of the brand will be prevented. I sincerely assure our loyal customers that as is evident from this case, Malabar GoldDiamonds will do all that is possible to prevent and discourage any such activities to protect the trust placed in us by our customers", commented Malabar Group Chairman, M.P Ahammed.

Any and all signboards carrying the Malabar GoldDiamonds brand name and other trademark assets have since been removed by Faizan, who has admitted to exploiting Malabar GoldDiamonds' global presence and brand recognition to mislead customers into thinking that his jewellery store was an authorized franchisee of Malabar GoldDiamonds and draw advantage from their misconception.

Malabar GoldDiamonds was established in 1993 and is the flagship company of Malabar Group, a leading diversified Indian business conglomerate. With an annual turnover of USD 5.2 billion, the company currently ranks as the 6th largest jewellery retailer globally and today has a strong retail network of 317 outlets spread across 10 countries in addition to multiple offices, design centres, wholesale units and factories spread across India, Middle East, Far EastUSA. The group, owned by more than 4,000 shareholders, has more than 18,500 professionals from over 26 countries working towards its continued success.

Malabar GoldDiamonds also features an online storeThe group also operates MGD - Lifestyle Jewellery, a retail concept offering trendy and light weight jewellery that represents the independent and the modern woman through its designs and collections.

ESG (Environmental, SocialGovernance) has been the primary commitment of the group since its inception. The key ESG focus area 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.

(Disclaimer: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same)

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