Monte Carlo Fashions Limited

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Monte Carlo Fashions Limited is a clothing company based in India. It is an apparel retailer [1] and manufacturer of woolen and cotton garments for men, women and kids.

Background[]

Monte Carlo Fashions limited is selling its apparel products under the brand name of Monte Carlo[2][3][4] which was established in 1984[5][6] by Oswal Woollen Mills Limited[5] and is owned by parent company Nahar Group[7] based in Ludhiana, Punjab. Mr. Jawahar Lal Oswal[5][8] is the chairman and managing director of the company.

Manufacturer Unit[]

The company has two manufacturer units in Jalandhar.[5] There are over 1,450[5] employees.

Retail[]

In the year 2006, they had 23 stores.[9] In 2009, the 100th store[10] was opened in New Delhi. As of March 2014, there were 191[5] ‘Monte Carlo has 200 Exclusive Brand Outlets’ in India and two are in Dubai & Kathmandu respectively and over 1,300[5] multi brand outlets across India. Monte Carlo has been awarded the Superbrand status.[11]

Stock Market Launch[]

In December 2014,[12] Monte Carlo Fashion Limited launched IPO[13] with price band of ₹630 to ₹645 per share.[14][15]

References[]

  1. ^ "Monte Carlo Fashions Ltd (BOM:538836)". Google Finance.
  2. ^ "Sale of woollens at peak". The Tribune (Chandigarh). December 2, 2005. Retrieved February 5, 2015.
  3. ^ "Ludhiana knits' cosy-tale" (PDF). Retrieved February 5, 2015.
  4. ^ "Successful Adjustment in Indian Industry: the Case of Ludhiana's Woolen Knitwear Cluster" (PDF). Dongbei University of Finance and Economics. Archived from the original (PDF) on February 8, 2015. Retrieved February 5, 2015.
  5. ^ a b c d e f g "Securities and Exchange Board of India" (PDF). Securities and Exchange Board of India. July 9, 2014. Retrieved January 5, 2015.
  6. ^ "Superbrands Consumer 1st Edition 2004". Superbrands. Retrieved February 5, 2015.
  7. ^ "Oswal enters garments market". The Tribune (Chandigarh). March 27, 2001. Retrieved February 5, 2015.
  8. ^ "Nahar Poly Films Ltd". Bloomberg L.P. Retrieved February 5, 2015.
  9. ^ "Monte Carlo plans expansion". The Tribune (Chandigarh). November 2, 2006. Retrieved February 5, 2015.
  10. ^ "OWM celebrates 100th store's opening". The Indian Express. October 22, 2009. Retrieved February 5, 2015.
  11. ^ "Business Superbrands 4th Edition 2014". Superbrands . Retrieved February 5, 2015.
  12. ^ "Monte Carlo Fashions launches IPO". The Hindu. November 26, 2014. Retrieved January 5, 2015.
  13. ^ "Monte Carlo Fashions to stitch up an IPO, eyeing expansion". In.com. November 27, 2014. Archived from the original on February 17, 2015. Retrieved February 5, 2015.
  14. ^ "Monte Carlo Fashions to raise around Rs 350 crore through IPO". The Economic Times. November 26, 2014. Retrieved January 5, 2015.
  15. ^ "Monte Carlo IPO opens at Rs 630-645 per share". Yahoo! Finance. December 3, 2014. Retrieved February 5, 2015.
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