Jaipur Watch Company expands retail footprint three FOCO stores
Jaipur Watch Company, a luxury watchmaker has expanded its retail footprint with the opening of three new stores under the Franchise-Owned, Company-Operated (FOCO) model.
The stores were opened at Oberoi Skycity Mall in Mumbai, DLF Summit Plaza in Gurgaon and Vihan Mall in Surat.
The company plans to further expand its retail presence under the FOCO model by opening 8 franchise outlets in cities like Hyderabad, and Bangalore over the next 6 months.
Jaipur Watch Company expects these stores to contribute Rs 20 crore ($2.3 million) to its overall revenue by financial year 2026.
Commenting on the expansion, Gaurav Mehta, founder of Jaipur Watch Company in a statement said, 'The FOCO model is a crucial step in creating a controlled, yet scalable retail network for Jaipur Watch Company. We're combining our brand's legacy with smart business infrastructure to meet rising demand in India's evolving luxury landscape.'
'It is an opportunity for budding and established entrepreneurs to own a store at premium locations across India without getting involved in day-to-day operations,' he added.
Jaipur Watch Company claims to be India's first bespoke watch company specialising in creating luxury timepieces that blend tradition with contemporary design. The brand's watches are also available at multi-brand outlets in leading cities across India.
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