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KDDL stock hits new 52-week high after subsidiary Ethos inks deal with major brands

Ethos Limited is a Material Subsidiary of the company.

November 17, 2021 11:23 IST | India Infoline News Service
KDDL Limited
KDDL stock has hit a new lifetime high on Wednesday after the company intimated the signing of an agreement with brands by Ethos Limited, Material Subsidiary.

Ethos has signed the following agreements:

1. RIMOWA: a FRANCHISE CONTRACT with RIMOWA for the opening of the first Rimowa store in Jio World Plaza, Mumbai. Founded in 1898 in Cologne (Germany), RIMOWA is in an LVMH brands portfolio since 2017. Rimowa is the global leader in premium luggage and essential tools for a lifetime of travel since 1898.

2. Bovet Watches: The company has entered into an Exclusive right for distribution, sales and promotion. Founded in 1822 in London, Bovet is a prestigious and High-Quality watch from Bovet Fleurier SA. Bovet is one of the Global leaders in High-quality watches and Time piece and have won many prestigious awards over the years including the GPHG “Aiguille d'Or” in 2018 in Geneva, Switzerland.

At around 11.21 am, KDDL was trading at Rs683.05  per piece up 14.5% on Sensex. The stock has hit a new 52-week high of Rs691.65 per piece earlier today.

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