Home / Knowledge / News / Apparel/Garments / Monte Carlo to expand share of non-woollen based clothing
Monte Carlo to expand share of non-woollen based clothing
Nov '11
Looking forward to make the most of its strong brand holding in woollen space, Monte Carlo, a leading Indian apparel wear brand, intends to expand its share of non-woollen based clothing, particularly cotton based garments and proposes to establish a new garment facility for the same.

The company seeks that it should offer clothing for all seasons and not just for winter. Woollen garments presently account for 63 percent of the firm's turnover while the rest comes from cotton-based clothing. The company seeks that the share of cotton based garments should each year grow by five percent of total sales.

To fund its expansion and set up the new garment facility, the company proposes to raise around Rs. 3.3 to 3.8 billion through private equity placements in Monte Carlo Fashions and an Initial Public Offer (IPO) during next year and intends to dilute its 25 to 30 percent stake for the purpose.

Earlier this year, Monte Carlo Fashions was carved out as separate entity of Oswal Woollen Mills Limited to cash in on the brand value of Monte Carlo, the company's 17-year old brand.

Monte Carlo, a subsidiary of Punjab-based Nahar Group is already consulting some of the private equity players for stake sale and it is expected that the private equity placement would take place prior to close of the current financial year.

The new facility would incorporate an annual production capacity of producing 1.8 million pieces. This would come as an addition to the firm's already existing facility which operates with an annual production capacity of 1.2 million units.

Further, as the firm is considering better market penetration and intends to expand its network across India, it proposes to gradually increase the number of its stores from the current 130 to 250. However, more emphasis would be on opening new outlets under franchise model.

Monte Carlo would also put up its fashion garments for sale at 800 multi-brand outlets in the country.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Apparel/Garments | On 25th Apr 2017

Walmart's Project Gigaton to help reduce emissions

Walmart has launched a sustainability platform called Project Gigaton ...

Courtesy: Arvind

Fashion | On 25th Apr 2017

The Arvind Store launches ready-to-wear brand for men

The Arvind Store has announced the launch of its own ready-to-wear...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Robert Brunner

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search