Brunello Cucinelli news and archive

First Q1 performances of luxury fashion companies impacted by Trump tariffs and geopolitical tensions

Financial news of the week: Trump Tariffs, Geopolitical Tensions Hit Luxury Sector The first financial results of Q1 2025, reported this week, show that trade tensions and geopolitical uncertainty are weighing on the performance of key luxury fashion groups. First Q1 results reveal slowdown across major fashion houses LVMH posted a 3 percent...

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Brunello Cucinelli: Growth of 10.5 percent in first three months

Italian premium brand Brunello Cucinelli reported a turnover of 341.5 million euros for its first quarter of 2025, with growth of 10.5 percent at current exchange rates (10 percent at constant exchange rates) compared to the same quarter in the year prior. Regarding the individual geographic areas, the Americas marked 10.3 percent growth...

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Brunello Cucinelli to receive Outstanding Achievement Award at Fashion Awards 2025

Italian designer Brunello Cucinelli has been named as the next recipient of the British Fashion Council’s (BFC) Outstanding Achievement Award, an accolade he will receive during the 2025 Fashion Awards, set to be held December 1. Cucinelli was selected by the BFC Executive Committee, who recognised the designer for his "exceptional contribution...

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Luxury’s uneven runway: LVMH takes a tumble as rivals soar

French conglomerate LVMH, traditionally among the last to disclose its financials during the reporting season, has delivered results that not only fell short of market expectations but also lagged behind the momentum exhibited by some of its contemporaries. In contrast, Richemont, the parent company of Cartier, delivered a strong and unexpected...

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Milan Men's Fashion Week navigates global turbulence and industry evolution

Against a backdrop of unprecedented global events — from devastating Los Angeles wildfires that have imperiled the city's robust retail infrastructure to a geopolitical ceasefire in the Middle East and a pivotal US presidential transition — Milan Men's Fashion Week stands at a critical juncture, demonstrating the resilience of luxury fashion...

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Brunello Cucinelli sales up by 12.2 percent, sees strong growth ahead

For the year 2024, Italian luxury group Brunello Cucinelli’s revenues of 1,278.4 million euros, increased by 12.2 percent at current exchange and 12.4 percent at constant exchange rates. In the fourth quarter, the company achieved a turnover of 358 million euros, an increase of 11.6 percent year-on-year. The company said in a statement that...

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Brunello Cucinelli raises forecast, projects 11 to 12 percent revenue growth

Following positive sales in the last few months and of early December, Brunello Cucinelli projects an increase in revenues of 11 to 12 percent for 2024, with growth in the fourth quarter expected to be in line with the outstanding result for the third quarter. Commenting on the year-end update, Brunello Cucinelli, executive chairman and creative...

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Brunello Cucinelli records strong revenue growth

For the first nine months, Brunello Cucinelli reported a turnover of 920 million euros, growth of 12.4 percent at current and 12.7 percent at fixed exchange rates. In the third quarter, turnover of 300 million euros increased by 9.2 percent. Commenting on the strong results, Brunello Cucinelli, the company’s executive chairman and creative...

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CNMI reveals winners of Sustainable Fashion Awards 2024

The Camera Nazionale della Moda Italiana (CNMI) hosted its annual Sustainable Fashion Awards ceremony last night at Italy’s Teatro alla Scala, where 10 awards were presented to recipients recognised for their commitment to craftsmanship, the circular economy and innovation, among other qualities. The event, which was hosted in collaboration with...

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Brunello Cucinelli records 19 percent growth in operating profit

Revenues at Italian luxury fashion house Brunello Cucinelli of 620.7 million euros, increased by 14.1 percent at current exchange and by 14.7 percent at fixed exchange rates for the first half of 2024. The company’s EBIT of 104.6 million dollars, was up 19.3 percent, with a margin of 16.9 percent. Net profit for the period of 66.1 million...

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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,...

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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...