Latest news with #JaipurWatchCompany
Business Mayor
11-05-2025
- Business
- Business Mayor
Jaipur Watch Company enters franchise retail; opens first three stores
New Delhi: Jaipur Watch Company has opened its first three franchise outlets in Mumbai, Gurgaon, and Surat under a franchise-owned, company-operated (FOCO) model, as it begins expanding its national retail footprint, the company said in a recent press release. The company plans to open eight more FOCO stores in the next six months across Hyderabad and Bangalore. The company is also targeting Rs 20 crore in revenue from its FOCO outlets by FY26, with franchise-led retail projected to contribute around 50 per cent of overall revenue. '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,' said Gaurav Mehta, founder, Jaipur Watch Company. The new stores are located at Oberoi SkyCity Mall in Borivali, DLF Summit Plaza in Gurgaon, and Vihan Mall in Surat. Under the FOCO model, the company retains control over operations, inventory, and brand positioning, while franchise partners invest in the physical outlets READ SOURCE
Time of India
05-05-2025
- Business
- Time of India
Jaipur Watch Company enters franchise retail; opens first three stores
New Delhi: Jaipur Watch Company has opened its first three franchise outlets in Mumbai, Gurgaon, and Surat under a franchise-owned, company-operated (FOCO) model, as it begins expanding its national retail footprint, the company said in a recent press release. The company plans to open eight more FOCO stores in the next six months across Hyderabad and Bangalore. The company is also targeting Rs 20 crore in revenue from its FOCO outlets by FY26, with franchise-led retail projected to contribute around 50 per cent of overall revenue. '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,' said Gaurav Mehta, founder, Jaipur Watch Company. The new stores are located at Oberoi SkyCity Mall in Borivali, DLF Summit Plaza in Gurgaon, and Vihan Mall in Surat. Under the FOCO model , the company retains control over operations, inventory, and brand positioning, while franchise partners invest in the physical outlets
Fashion Network
25-04-2025
- Business
- Fashion Network
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.
