Atlas Group receives a lifeline.
Summary: The agreement will leverage Atlas Jewellery's network and resources and Maas Group's financial stability to deliver better service to existing customers.
Dubai: Maas Group has agreed to invest in Atlas Jewellery Group's business in the UAE and in its healthcare business in Oman, representatives of both companies announced on Wednesday.
"Maas Group is currently encouraging us. We will ensure that all showrooms will be filled with adequate stock at the earliest and Atlas will shine much better soon," M.M. Ramachandran, chairman of Atlas Group, promised.
"By teaming up with Maas Group, we are able to enhance our presence and impact a larger customer base," Ramachandran added.
"We are pleased to combine our strengths to meet the demands of the market and deliver quality service to customers," said Mohammed Abdul Shabbir, chairman and founder of Maas Group.
Maas Group has chosen to invest in Atlas Jewellery considering the trust imposed by millions in the Group, Shabbir said.
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