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Ethos becomes India’s first luxury watch retailer to go public

August 2022


Ethos becomes India's first luxury watch retailer to go public

Ethos, founded in 2003, enjoys a leadership position in India’s luxury watch market with a 13% share of the total retail sales in the segment of premium and luxury watches, and a share of 20% exclusively in the luxury segment in the financial year 2020.

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thos Limited, India’s largest luxury watch retailer, was listed on the Bombay Stock Exchange and National Stock Exchange on May 30, 2022. This has made Ethos the first luxury watch retailer in India to be listed publicly.

Ethos, founded in 2003, enjoys a leadership position in India’s luxury watch market with a 13% share of the total retail sales in the segment of premium and luxury watches, and a share of 20% exclusively in the luxury segment in the financial year 2020.

With over 50 stores across 17 cities in India, Ethos has the largest portfolio of luxury and premium watches retailing over 50 premium brands, of which over 30 brands are available exclusively at Ethos in India. Delivering an omnichannel experience, Ethos boasts a strong presence both online and offline.

Ethos becomes India's first luxury watch retailer to go public

Ethos has retail partnerships with some of the world’s top watch brands, including Jaeger-LeCoultre, IWC, Omega, Zenith, Hublot, TAG Heuer, and Breitling. Ethos also has partnerships with a portfolio of independent watchmaking brands, such as Bovet, H. Moser & Cie., Urwerk, Louis Moinet, Czapek, and Parmigiani. In addition, the company will soon be adding more brands to its wide catalogue, such as Jacob & Co. and Trilobe.

Ethos becomes India's first luxury watch retailer to go public

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