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Jacob & Co. - Jacob & Co Doubles Revenue in 2 Years

Jacob & Co. Jacob & Co Doubles Revenue in 2 Years

The bar for 2023 is set high after registering record growth in 2022.Jacob & Co. reports record revenue growth of +132% from 2020 to 2022. Revenues for this period were driven by strong demand for luxury watches

In 2022,Jacob & Co opened its doors through mono brand stores, boutiquesand shop-in-shopsin Singapore, London(with two locations), Tokyo, Mumbai, New Delhi, The Caribbean, to name a few.

2023, including Dubai and Istanbul this January, will see no fewer than another 13 Jacob & Co. boutiques and shop-in-shops openingtheir doors in Saudi Arabia, Hong Kong, Thailand, Austria, Australia, Kuwait, Albania, Bahrain,  Andorra,  Vietnam  and  Egypt. This  brings  the  total  number  of  Jacob  &  Co.  boutiques  and  Shop-in-Shops to 94 in 34 countries worldwide, including the historic flagship store in New York.Benjamin  Arabov,  Jacob  &  Co’s  CEOsays “Joining  my  father to  run  thecompany, doubling our business activitiesin two years has been incredibly challenging and rewarding. Supporting Jacob & Co’s growth is the implementation of a strategy based on total independence, an agile management structure, a laser-like focus oninnovative creations andabsolute excellence.Opening Dubaimeans further strengthening the brand in our first market since we opened in 2019.Jacob & Co’s  boutique  at  the  heart  of  the  Dubai  Mall  has metall  our expectations. Its interior –faithful  to theinternationalconcept  of  our  brand  image  that  we  have  implemented  in  all  our  stores -has  nowbeen completely refinedto offer a completely new experience. With the opening of Singapore in early November, we continue to grow and expand, strengthening our vision as a leading global player, not only by opening new territories, but also by establishing ourselves in strategic markets with first-class partners.”

A sparkling footprint with the best partners,in key cities around the globe

In September of 2022, Jacob & Costarted to deliver its first timepieces to Ethos, India's pre-eminent luxury retailer  with the  largest  portfolio  of  luxury  and  premium  watches.  Ethos  is  now  Jacob  &  Co's  established representative with 11 locations in a dynamic economy whose luxury segment is projected to grow by a factor of 3.5 by 20301, and is preparing the opening a firstJacob & Co boutique in Mumbai in March 2023.Ethos CEO SoomyaRastogi says:“Ethos, one of India’s largest retailers of luxury watches, aptly comprehends the consumermindset and their preferences with respect to luxury timepieces. Jacob & Cois celebrated by enthusiasts worldwide for its outstanding watches and elevatedengineering. What makes Jacob & Co unique is its unconventional designs and mechanisms which arenothing less than a piece of art.In the next 5 years, India will be one of the top luxury watch markets in the world. Bringing the quintessential Jacob & Co into the Indian marketraisesthe interest andcuriosity of Indianbuyers. It was the brand’s zest to bring something innovative and unique intothe market that essentially motivated us to invest in Jacob & Co.”

Jacob & Co Doubles Revenue in 2 Years

Mumbai boutique © Jacob & Co.

In Asia, Jacob & Corecently opened a dedicated presence in Singapore's independent watchmaking temple, Sincere Haute Horlogerie. The relationship with Sincere, the region’s premier luxury watch specialist based in Singapore, is going from strong to stronger. Mr. Ong Ban, CEO of Sincere:“Jacob & Corepresents next-level luxury watchmaking, pure and simple. The brand opens to the sophisticated customer new dimensions of design and complications, and this is perfectly in line with our philosophy of bringing the latest and best to our discerning clientele. Jacob & Coserves both genders  equally  well  with  well-executed  precious  stone  creations  for  both  timepieces  and  jewelry,  and  of course cutting-edge high-end watchmaking, including serious toys for men. More importantly, we share the same values of seeking to be unique in our offerings and always customer-centric in terms of service and meeting the needs of our customers.”BenjaminArabov, CEO of Jacob & Coshares“Our partnership with Sincere in Singapore has proved a gratifying success in a remarkably short time and is paving the way for expansion throughout their network in other countries”.In October2022, Jacob & Coopened its boutiquein Tokyo, Japan. Finally, the brand's Dubai boutique located in the Dubai Mall re-openedthis week, after a thorough months-long renovation. In April 2023, Jacob & Co is looking forward to celebrating the opening of anotherboutiqueas part of a new partnership withwell-known and highly experiencedin luxury retailSalujain (Salujain Trading Co. Ltl) in Riyadh, Saudi Arabia.The list of these prestigious partners would not be complete without naming,amongstothers,Buchererand Watches of Switzerland whose Jacob & Copresence in Las Vegas has workedso well that the expansion continuedin London in July 2022.

More than 200 Bugatti Chiron timepieces sold

Product stories –legends in the making: As at Q4 2022, the number of Bugatti Chiron timepiecessold (base price US$ 280,000 –a special collaboration between Bugatti and Jacob & Co) surpassed the 200-mark. The Opera Godfather (base price US$ 350,000), a timepiece inspired by and designed as a personal tribute to The Godfather movie, has sold 110 times.One-off creations and bespoke versions of theBugatti Chiron collection, born from the partnership between Bugatti Automobiles and Jacob & Co, ventureinto 7-figure territory. Jacob & Co's Opera Godfather collection has been consistently exceeding expectations, both in terms of the aura it has acquired and the sales it has generated.

Jacob & Co Doubles Revenue in 2 Years

Bugatti Chiron Sapphire © Jacob & Co.

The world’s highest residential tower

2022 also marks Jacob & Co’s  entry  in luxury real estate with the construction and commercialization of the world’s highest residential tower (a ‘hyper tower’ 500+ meters/1640 ft high) –the Burj Binghatti Jacob & CoResidences in Dubai’s Business Bay –in partnershipwith leading Emirati property developer Binghatti.

Teaming up with Cristiano Ronaldo and his brand CR7

Perfectly timed to the 2022 World Cup in Qatar: On November 22nd, Jacob & Counveiled the first collection dedicated to and created together with Cristiano Ronaldo. The Epic X Flight of CR7 and the Epic X Hope of CR7 are the two inaugural timepieces of the limited editions designed in concert with Cristiano Ronaldo forhis CR7 brand. A longstanding friend of the brand and of Mr. Arabo, Cristiano Ronaldo is the first football (aka soccer) player to ever have a timepiece collection designed to celebrate his achievements.

Jacob & Co Doubles Revenue in 2 Years

Ronaldo wearing Jacob & Co. © Jacob & Co.

The first watch brand to create an NFT watch

After creating the first ever digital native timepiece NFT in 2021, Jacob & Co in 2022 became the first watch brand to present both a physical timepiece and its digital native NFT at the GPHG (Grand Prix d’Horlogerie de Genève2022) –the watch industry’s beacon event held annually in Geneva. Shortlisted for the Jewelry Award, Jacob & Co.’s Astronomia Metaverso NFT Venus marked a paradigm shift in the watchmaking universe. Born both as an NFT-secured, digital timepiece and as a physical high jewelry watch, it intrinsicallybelongs in two worlds.

Jacob & Co Doubles Revenue in 2 Years

Astronomia Metaverso Earth © Jacob & Co.


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