Monte Carlo set to expand its reach

Monte Carlo, an Indian apparel brand is planning to expand its presence across India. Currently, the brand has 120 outlets, and is planning to launch over 130 stores through franchising.

The company is set to initiate an Initial Public Offer (IPO) by next year for setting up a new garment unit. Besides, the brand also plans to set up a woolen garment manufacturing unit in Ludhiana under its capital expenditure programme.

Monte Carlo is a sub-brand of Oswal Woollen Mills Limited, a part of Nahar group and is present through a strong network of 800 multi brand outlets in the country.