MoneyWorks4Me

Ethos’ arm acquires entire stake in Favre Leuba GmbH

26 May 2023 Evaluate

Ethos’ wholly owned subsidiary -- Silvercity Brands AG has acquired 100% stake in Favre Leuba GmbH.  Consequently, Favre Leuba GmbH has become the wholly owned subsidiary body corporate of the Silvercity Brands AG and thereby, step - down subsidiary of the Company with immediate effect. The objective of acquisition is to invest in or create brands; to trade in watches and other luxury products; to make investments and other actions supporting the main objects.  

Ethos has the largest portfolio of premium and luxury watches in India and retails over 50 premium and luxury watch brands.

Peers
Company Name CMP
Avenue Supermarts 3809.70
Trent 2597.40
Vishal Mega Mart 99.60
PN Gadgil Jewellers 581.90
Aditya Birla Life 74.43
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