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.