Brunello Cucinelli news and archive

Brunello Cucinelli: H1 sales up 14.7 percent, confirms growth targets

Preliminary turnover for the first half period at Brunello Cucinelli of 620.7 million euros, rose 14.1 percent at current exchange and 14.7 percent at constant exchange rates. The company said in a statement that the sales results enabled it to achieve revenues of 312 million euros in the second quarter. Commenting on the first half performance,...

ManagementFeatured

First quarter luxury earnings show brands' strengths and weaknesses

French luxury conglomerates serve as bellwethers for the wider industry, and the first-quarter revenue results have provided insight into both the strengths and weaknesses of the sector, shedding light on the preferences and behaviours of luxury consumers worldwide. While certain companies exceeded analysts' expectations, others experienced a...

ManagementFeatured

Brunello Cucinelli confirms FY24 forecast on strong Q1

First quarter sales at Brunello Cucinelli were up by 16.5 percent at current exchange rates and 17.9 percent at constant exchange rates to 309.1 million euros. The company said that the first quarter performance is in line with expectations and consistent with the 10 percent growth expected for the full year. Commenting on the results, Brunello...

Business

Brunello Cucinelli is committed to disease research

Italian knitwear specialist Brunello Cucinelli has underlined his support of research into treatments for various diseases through a new cooperation agreement via its subsidiary Foro delle Arti, which manages the brand's activities outside of fashion. Together with Italian biotech company Tes Pharma Srl, the group will work towards scientific...

Fashion

Brunello Cucinelli reveals first eyewear collection under EssilorLuxottica

Italian fashion house Brunello Cucinelli has revealed its first eyewear collection through its partnership with EssilorLuxottica, set to go on sale globally. The label, which signed a 10-year licensing agreement with the manufacturer in November 2022, had previously stepped into the category through a 2021 collaboration with Oliver Peoples, an...

Report

Brunello Cucinelli records strong growth in revenue and profit

In 2023, revenue of 1.2 billion euros at Brunello Cucinelli increased 23.9 percent at current exchange and 26 percent at constant exchange rates, the EBIT rose 39.4 percent to 187.4 million euros, and net profit increased 42 percent to 123.8 million euros Following a positive performance in the first few months of the new fiscal year and the...

Report

Brunello Cucinelli raises revenue forecast after strong holiday quarter

After the very healthy results of the first nine months and the strong growth in October, November and the first part of December, Brunello Cucinelli forecasts an increase in revenues for 2023 of between 22 percent and 23 percent, at current exchange rates. These estimates are above previous expectations of between 20 percent and 22 percent...

Report

Brunello Cucinelli is once again setting higher sales targets

The Italian fashion house Brunello Cucinelli SpA has continued its growth course so far in the fourth quarter and raised its sales forecast again shortly before the end of the year. In view of the “very positive” development in recent weeks, the knitwear specialist now expects sales to increase by 22 to 23 percent in 2023. Annual sales are...

Culture

Cinematic tapestry: The life of Brunello Cucinelli to be subject of new documentary

Italian fashion mogul Brunello Cucinelli is set to grace the silver screen in a forthcoming documentary filmed by Academy Award-winning director Giuseppe Tornatore, acclaimed for 'Cinema Paradiso.' Cucinelli, founder of the eponymous fashion empire, expressed his longtime connection with Tornatore and the director's commitment to capturing the...

ManagementFeatured

Brunello Cucinelli raises outlook after strong nine month trading

For the first nine months, revenues at Brunello Cucinelli amounted to 818.4 million euros, growth of 27.5 percent at current exchange and 28.8 percent at constant exchange. Based on the result of the first nine months of the year, the very positive response to the collections, and the focus on the high-quality, handcrafted ready-to-wear offer,...

ManagementFeatured

Brunello Cucinelli ups FY revenue outlook on strong H1

Italian fashion house Brunello Cucinelli has reported a 31 percent jump in revenue in its preliminary results for the first half of 2023. The maison made revenue of 543.9 million euros, with growth across geographies: the Americas were up 23.9 percent, Europe was up 22.6 percent, and Italy was up 23.7 percent. However, it was Asia that saw the...

ManagementFeatured

Brunello Cucinelli records strong Q1, plans 15 percent growth for 2023

Net revenues at Brunello Cucinelli of 265.3 million euros, increased 34.7 percent at current exchange and 32.8 percent at constant exchange rates in the first quarter of 2023. After the strong first quarter, the company forecasts an overall growth of around 15 percent in 2023 and continues to envisage very concrete sales growth in the region of...