Chandigarh-Based KDDL Owns 92% Stake In A Swiss Company That Makes Favre Leuba Watches

Tatas, Birlas, Wipro and many other business houses have done it – acquiring brands/companies abroad and making the country proud. Joining this prestigious list is the Chandigarh-based KDDL, a pioneer in watch dials, which has acquired 92% stake in a Swiss company which owns the iconic brand Favre Leuba. Favre Leuba, established in 1737, was a popular luxury brand in India too.  A whole generation in the 60s, 70s, 80s grew wearing this brand. The watchmaker headquartered in Grenchen, Switzerland is the second oldest watch brand in the world, with Blancpain being the oldest. The iconic Favre Leuba brand was relaunched on August 29, this year at the decentralised event, Geneva Watch Days. KDDL founded by Yash Saboo is a pioneering manufacturer and supplier of watch dials, hands and indexes to top end global watch brands. Its subsidiary Ethos Watches is India’s largest chain of luxury watch boutiques with more than 60 stores selling over 60 premium luxury watch brands.  KDDL had bought Favre Leubra from Titan a few years back. Making a comeback, Favre Leuba has ambitious and exciting plans for the Indian market. The company plans to offer affordable and yet high value watches with a strong vintage inspiration specifically from the 1960’s when the brand was known for their robustness and functionality. The brand is looking to unveil 22 references across three distinct collections – Deep Blue, Sea Sky and Chief.