×
293
Fashion Jobs
NETE.IN
CRM & Logistics Executive
Permanent · MUMBAI
FABINDIA OVERSEAS PVT. LTD.
Retail Planner
Permanent · NEW DELHI
SELECTIVE GLOBAL SEARCH PVT. LTD.
Business Development
Permanent · NEW DELHI
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KARIMNAGAR
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · MIRYALAGUDA
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KOTHAGUDEM
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · NAGARKURNOOL
LIFESTYLE BRANDS
Area Sales Manager Bangalore
Permanent · BENGALURU
HIRING STUDIO
Chief Financial Officer
Permanent · HOSAPETE
RJ CUBE STAFFING SOLUTIONS
Storekeeper
Permanent · DELHI
ORIENT CRAFT LTD.
Production Incharge
Permanent · NEW DELHI
GETNATTY DESIGNTECH PVT. LTD
Business Development & Sales Specialist
Permanent · MUMBAI
CONSULT IN INDIA
Area Sales Manager- (South & West Region)
Permanent · Kota
ADECCO INDIA PRIVATE LIMITED
e Commerce Executive :Garments Company:Kolkata
Permanent · Kolkata
NCDI PLACEMENT CONSULTANCY
Sales Coordinator (Male) For Leading Retail Store
Permanent · Lucknow
2COMS CONSULTING PVT LTD.
Area Sales Manager Knitwear/ Innerwear
Permanent · Mumbai
SEARCHLIGHT HR SERVICES PVT. LTD
Sales Manager- Fragrances
Permanent · Chennai
KEYSTONE CONSULTING PVT LTD
Business Development - Textile Company
Permanent · Coimbatore
JOB SEARCH
General Manager - Mumbai & Delhi Exp in Textile Testing Industry Only
Permanent · National Capital Region
JOB SEARCH
sr. Executive - Accounts & Finance - Vile Parle
Permanent · Mumbai
CAREER CROSSWAYS
Export Marketing Manager
Permanent · Ahmedabad
TEJASWI SERVICES PVT LTD
Business Development Executive
Permanent · Mumbai

Italy's Coin on track to sell Excelsior to China's Canudilo

Translated by
Benjamin Fitzgerald
Published
today Jun 29, 2016
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

The Milanese luxury department store Excelsior, launched in 2012 by Italian group Coin, is in the process of being sold to Chinese distributor Canudilo (Modern Avenue Group).

"The operation should be finalised in several days," a Coin spokesperson told FashionMag, confirming information published by Il Sole 24 Ore.

The ultra luxury concept store Excelsior will soon be Chinese - excelsiormilano.com


The transaction is worth 21.3 million euros. Excelsior, with a very specific selection of fashion, design, cosmetics and gastronomy, is dedicated to upscale luxury shopping. It's headed up in Milan by Antonia Giacinti, owner of specialist boutiques Antonia, who manages the fashion and apparel aspects the department store.

Back in July 2015, an agreement was made between Antonia and the same Chinese group Canudilo, owner of the high fashion sports label Dirk Bikkembergs, to open five Antonia points of sale before 2020 in China. The first store is slated to open this September.

The agreement seemed to put an end to the luxury activity at Coin, which in fact had always struggled to take off due to a lack in large investments. So, the Excelsior de Verone had to close shortly after its opening.

The Italian group will now focus on its historic stores, namely department store Coin, the bargain chain store OVS, which is publicly listed, as well as chain store Upim and its two department stores 'Coin Excelsior' in Rome and Venice.

The Excelsior Milano will continue to be managed by 
Antonia Giacinti and her husband Maurizio Purificato, who oversees menswear. Canudilo now wants to export the department store concept to Asia.

 

Copyright © 2019 FashionNetwork.com All rights reserved.