Aurora set for major expansion after SET debut, first for jewel retail biz
BANGKOK, Nov 29, 2022 - (ACN Newswire via SEAPRWire.com) - Aurora Design PCL (SET: AURA), one of Thailand's leaders in gold jewelry retail business, diamond jewelry and gems, is going ahead with its planned expansion after being listed on the Stock Exchange of Thailand (SET).With the kick-off of its shares on the Thai bourse today (29 Nov), AURA will proceed to add 143 outlets and expand the consignment business under the brand of 'Thong Ma Ngern Pai' (gold comes, money goes).Aniwat Srirungthum, Chief Executive Officer of AURA, said the company is aiming at raising its retail network nationwide to 409 in 2024 from 266 at the end of last September 2022.The new stores will cover greater areas of Bangkok and its vicinity, as well as cities and communities to increase access to customers in additional potential areas across the country, he added.Meanwhile, AURA has set its sights on strengthening its consignment business - whereby AURA sells gold jewelry retail, diamond jewelry and gems on behalf of the owner - to 3,846 million baht in 2024.AURA has shown its potential as the first Thai stock engaged in the gold jewelry retailing business, focussing on developing and introducing new pr...
