Home / Knowledge / News / Apparel/Garments / Monte Carlo forced to trim expansion plan
Monte Carlo forced to trim expansion plan
27
Jan '16
Apparel retailer and manufacturers of woolen and cotton garments for men, women and kids, Monte Carlo Fashions has scaled down opening of its exclusive brand outlets (EBOs) to 30 by FY17 as against the earlier plan of 50 as an economic slowdown continues to bite.

Monte Carlo operates 226 outlets across the country and sells its products through 1,500 multi-brand outlets such as Shoppers Stop. It will open five stores in the current fiscal and 25 outlets in next financial year, Monte Carlo Fashions Executive Director Sandeep Jain said.

Jain said the company will now focus on increasing presence in regions where it is not strong, particularly in the southern and western regions of the country.

Overseas, Monte Carlo is present in Dubai, Nepal and Bangladesh and is looking to enter more markets. It is mulling opening stores in Bhutan and Pakistan as well as tapping countries with large Indian diaspora.

Despite the slowdown, Jain was optimistic about Monte Carlo's growth outlook with the company maintaining a guidance of 10-15 per cent for the current fiscal.

Monte Carlo which is primarily known as a winter-wear brand, is also trying to change its image to 'all-seasons apparel' brand.

Jain said the company is also exploring the possibility of entering into a licensing agreement to bring in foreign brands in the India, like its competitor Arvind Ltd., which has franchise agreements with international brands such as Gap, Calvin Klein and Aeropostale. (SH)

Fibre2Fashion News Desk - India

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search