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Tag: Canudilo

  • Modern Avenue Group cancels Italian store deal

    Modern Avenue Group cancels Italian store deal

    Chinese distributor Modern Avenue Group (formerly Canudilo) has decided not to proceed with its purchase of the luxury Excelsior Milano department store.

    Modern Avenue, which owns sport couture brand Dirk Bikkembergs, has not given a reason for its change of heart.

    A purchase price of €21.3 million (US$23.7 million) was announced at the end of June for the store, launched in 2012 by Italian group Coin. The deal was to have been finalised this month. With a specific selection of high-end fashion, Excelsior Milano is overseen by Antonia Giacinti, who owns the new boutique collective Antonia.

    The Antonia brand was confirmed last month under an agreement with Modern Avenue, with a view to open five franchise stores over the next four years. The first Antonia store will debut next month.

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  • Italian label Antonia to launch in China

    Italian label Antonia to launch in China

    Luxury fashion label Antonia is to open the first of 10 stores planned for greater China in Macau.

    Antonia, headquartered in the Italian fashion capital, Milan, has signed a partnership with Guangzhou Canudilo Fashion and Accessories, which has about 300 stores in China selling its own brands in the mid to high-end fashion space, along with 100 luxury monobrand stores in partnership with Armani, Givenchy, Roberto Cavalli and others.

    Antonia is the first brand to be publicly announced for the new Parisian retail development, another integrated resort with gaming, accommodation, entertainment and shopping.

    The US$5 billion project will feature a half size replica of the Eiffel Tower and 320,000 sqft of retail, housing 150 boutiques grouped in replicas of five famous shopping precincts of Paris, including the Champs Elysees and Rue du Faubourg Saint Honore, as well as 3000 hotel rooms.

    Antonia will take a 33,000 sqft space in the complex, according to Canudilo group president Yongfei Lin, who revealed the details during a Milan media event last week marking his company’s purchase of the Dirk Bikkembergs brand.

    Just five stores will be opened in China between now and 2020, with a further following.

    Antonia was founded in 1999 by Antonia Giacinti, who remains responsible for merchandise selection and store design.

    Luciano Donatelli, strategic consultant for the Canudilo group, said the Macau store will be “the twin” of the Milan flagship.

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