OSWAL Woollen Mills (OWM) on Wednesday celebrated the opening of its 100th store in the country. The company has a brand “Monte Carlo.” The 100th store has been opened at Pitampura, New Delhi.
Director of OWM, Sandeep Jain said, “Despite recession, we went as per our plan and continued opening the stores. By March, 2010 we plan to take the number of our stores to 125.”
Jain said that they did not feel the heat of recession in the domestic market although in international market they had to suffer losses. The company however improved its efficiency during this period, he added.
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