Dubai's Pure Gold to expand into India

Dubai-based chain Pure Gold Jewellers plans to spend $200m plan to open 200 stores in the Indian market over the next five years, Firoz Merchant, the company's chairman and founder, told the National. The chain, which has 75 outlets in the GCC, will start by opening 25 stores in the sub-continent this year, he said. The company also plans to enter Saudi Arabia and Qatar, opening a total of 15 new Pure Gold outlets in the two countries, and will add four or five outlets to the 45 stores it has in the UAE.