Ethos Swiss Watches to expand network

Ethos Swiss Watches Studios, part of the Kamla Dials and Devices, plans to be a 15-store watch retail company by the end of this financial year.

According to Yashovardhan Saboo, CEO, Ethos, "The company is active in the luxury and premium watch segment and presently has eight stores in five cities. Our future plans include expansion of retail network to other cities with a target of opening seven stores by the end of this financial year and be a 30-store company by 2009-10."

By launching more Swiss watches in the country, the company is also positioning to become the preferred retail partner for Swiss watch brands, he added.

Ethos Swiss Watches is gearing up to launch global brands like Blancpain and Cartier this year in the Indian luxury and premium watch segment.

In Asia, India is the fastest growing market for luxury and premium watches and is estimated to be worth Rs 600 crore and growing between 25 per cent and 30 per cent annually.