Ethos news and archive

Sixth Sense Ventures invests in luxury watch brand Ethos

Sixth Sense Ventures, a venture fund formed by Nikhil Vora, former MD of IDFC Securities, has announced his first investment in Ethos – India’s leading retail chain for luxury watches. This is the first time that the consumer-centric domestic venture fund has invested in Ethos, in a Series A funding round. Ethos Watches, a retail subsidiary of...

Apparel

Premium watch segment on the rise in India

Watch industry stalwarts say, the luxury watch segment in India is witnessing a constant growth. C Rajasekhar, Chief Financial Officer of Ethos points out that the market is growing at about 25 to 30 percent annually, especially in the prestige and luxury segments. The retail arm of KDDL, Ethos sells luxury watches in India and opened its 41st...

Apparel

Ethos scouting for investors to spread retail

Premium watch retailer Ethos Swiss Watch Studios is in talks with PE investors and high networth Indian to get funds so that it could invest Rs 30-40 crores into its retail expansion plans over the next two-three years. Ethos is a subsidiary of watch component manufacturer KDDL (formerly Kamala Dials and Devices) operating a chain of multi-brand...

Apparel

Ethos launches second store in Hyderabad

Ethos Swiss Watch Studios, a retail chain of Swiss watch stores, has opened its second store in Hyderabad at M S Towers in Banjara Hills. The watch boutique displays timepieces of international brands such as Casio, Claude Bernard, CK, Cover, Swatch, Diesel, Rado, Raymond Weil, Tissot, Armani, Edox and Tag Heuer in the price range of Rs 5,000 to...

Apparel

Ethos expects youth to drive sales

Multibrand watch retailer Ethos expects its entry-level fashion and youth format to be the major volume driver in the next few years. Right now this category contributes about 20 per cent to the company’s revenues. Ethos sells about 35 watch brands at prices ranging between Rs 50,000 and Rs 2 lakh. Among these are Breitling, Chopard, Rolex,...

Apparel

Ethos opens 24th store

Ethos Swiss Watch Studios, a retail chain of exclusive Swiss watch stores, has opened its first Ethos studio in Hyderabad at Inorbit mall. This is its 24th outlet in the country and it plans to add six more during this year. The company, which logged revenues of Rs 75 crores last year, is on course to touch Rs 110 crores this financial year. The...

Apparel

Luxury watches bet on India

India is becoming the next big destination for luxury watch brands. Every major watchmaker is looking to expand its presence in the country. Be it Rado, Fossil or Rolex, they have all recorded a healthy growth in the last one year despite the economic slowdown. Now they want to extend their footprint by opening more outlets. The Rs 1,200 crores...