Ethos signs Exclusive Distribution Partnership with Jacob -; Co. for Indian markets; stock jumps ~1.5%

7 Jul 2022 , 09:44 AM

Ethos Limited has entered into an exclusive distribution agreement with Jacob & Co., a globally globally-renowned watch and jewellery brand. This partnership will provide access to the brand’s unique collections for Ethos’ Indian customer base.

Jacob & Co. is a watchmaker known for creating Haute Horlogerie pieces, and Ethos will now make its treasured watches available to the Indian market as its exclusive retailer.

“Jacob & Co., one of the most talked-about watch brands, has gained a lot of attention among watch collectors in recent years, with their high-complication timepieces and dramatic displays. We are delighted to be the ones who introduce the brand to the Indian market,” commented Yashovardhan Saboo, Chairman of Ethos Limited, on this new collaboration.

“We are very pleased to partner with Ethos for the Indian market,” said Jacob Arabo, Founder and Chairman of Jacob & Co.

He further added, “We share values such as excellence and dedication. India has a rich culture that values fine craftsmanship and jewellery. We believe our timepieces will be well received by Indian customers.”

At 9.46 AM, Ethos was trading at Rs789.95, up by 1.37% against its previous close of Rs779.25 on NSE. So far, it touched intraday high and low of Rs792.15 and Rs781.60 respectively.