- Business
- Modern Avenue Group Co., Ltd. (002656.SZ) engages primarily in the research, development, design, brand marketing, and retail management of men's clothing and fashion products. The company offers business series and vacation series menswear including suits, shirts, jackets, wind coats, pants, fur coats, cotton coats, leather products, and accessories; bags, skin care, cosmetics, jewelry, shoes, and feather products under its own CANUDILO brand and DIRK BIKKEMBERGS; and agency sales of international brands such as DUNHILL, BALLY, MUNSINGWEAR, SAMSONITE, WENGER, and ARMANI accessories. It operates approximately 300 retail outlets worldwide, an omni-channel e-commerce platform, and buyer stores, with sales in China and overseas markets.
Founded in 1998 and headquartered in Guangzhou, China, the company conducts outsourced production, brand promotion, and terminal sales through subsidiaries like Guangzhou Canudilo Fashion and Accessories Co., Ltd., while also developing mobile application products.
In recent developments, Modern Avenue Group completed the acquisition of Liaoning Shenpeng Electric Power Technology Co., Ltd. from Ruiyang Group Dongbei Cable Co., Ltd. to expand its business scope; signed equity transfer agreements with Ruiyang Group Northeast Cable Co., Ltd. and others; and reported 2024 revenue of 216 million yuan, down 25.23% year-on-year, amid CFO Qiu Jun's resignation for personal reasons.