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.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fashion Network
9 hours ago
- Fashion Network
Nykaa Fashion could break even in four years
Beauty giant Nykaa 's fashion division could break even in four years if its current trend of improvement in its earnings before interest, tax, depreciation, and amortisation continues. While Nykaa Fashion remains a loss-making vertical, its executives are confident that its outlook is improving. Nykaa is charting a steady path towards profitability, posting a 40% rise in EBITDA to Rs 470 crore ($54.87 million) in the 2025 financial year, Apparel Resources India reported. The platform's gross merchandise value climbed 28% year-on-year to Rs 15,600 crore, with fashion and business to business platform Nykaa Superstore contributing increasingly to the business' overall momentum. 'Fashion is a massive opportunity- it's five times the size of the beauty market,' said Nykaa's co-founder and chief executive of its fashion division Adwaita Nayar, Apparel Resources India reported. The fashion vertical, now five years old, registered Rs 4,000 crore in gross merchandise value. 'We're currently operating at -8% EBITDA, but that's a 200 basis point improvement over the previous year," said Nayar. Offline retail contributes just 10% to GMV but plays a key role in premium and luxury sales, where it accounts for almost half. 'Actually, Nykaa has one of the highest sales per square foot in the world,' said Nayar. As Nykaa evolves into a multi-vertical player, its investments in in-house brands, retail tech, and personalisation through AI are central to its strategy for long-term growth.
Fashion Network
10 hours ago
- Fashion Network
Plum Bodylovin crosses Rs 100 crore milestone
Plum Bodylovin has crossed the Rs 100 crore revenue milestone, attributing this growth to its full-funnel digital execution, with around 80% of growth driven by online platforms, including its direct to customer e-commerce store. The brand also named multi-brand e-commerce platforms Nykaa, Amazon, Blinkit, and Zepto as key growth drivers in a press release. Plum Bodylovin has built double-digit market shares on key platforms through targeted, Gen Z-oriented marketing and visibility in categories like perfumes, body lotions, and gifting. The brand has reported strong traction in the quick commerce space and stated that frequent seasonal drops and giftable formats have further supported its growth. Plum Bodylovin's culture-first marketing efforts included India's first scented billboard at Cyber Hub, Gurgaon, as well as campaigns and community activations across college campuses. Influencer collaborations and Ananya Panday's brand ambassadorship added recall and reach. Known for its fragrance-led, youth-focused approach, the digital-first brand announced that it has disrupted a space long dominated by legacy FMCG names. Hero products such as the Vanilla Caramello body lotion, Marshmallow Melt collection, and viral launches like Caramel Popcorn helped drive high-repeat usage and customer loyalty. Vanilla Caramello also secured the Elle Beauty Award for Best Body Moisturiser of 2024.
Fashion Network
a day ago
- Fashion Network
Cantabil launches 600th store in Jammu & Kashmir's Baramulla
Cantabil Retail India Limited has announced the opening of its 600th exclusive brand outlet, marking a key milestone in the brand's expansion journey. The new store is located in Baramulla in Jammu & Kashmir and spans 3,016 square feet, reflecting the business' continued push into Tier 2 and 3 markets across India. The opening underscores Cantabil's strategy to bring contemporary fashion to aspirational regions, while cementing its position in the country's organised fashion space, the brand announced in a press release on June 10. Cantabil currently operates in over 290 cities across 20 states, with plans to open 70 to 80 additional stores in the 2026 financial year. The brand has also set a revenue target of Rs 1,000 crore by the 2027 financial year. 'Reaching the 600-store milestone is a testament to our dedication, resilience, and the trust our customers have placed in us," said Cantabil Retail India Limited's director Deepak Bansal in a press release. "From a single store to a pan-India presence, this journey has been incredible. Our growth would not have been possible without our passionate team, loyal customers, and strong partnerships." From menswear beginnings, Cantabil has developed into a multi-category lifestyle brand, offering apparel for men, women, and children, as well as footwear, accessories, and athleisure. "As we continue to expand, we remain committed to delivering quality fashion that resonates with the evolving preferences of Indian consumers," said Bansal.
