Brunello Cucinelli news and archive

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...

Business

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...

Business

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...

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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...

Business

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...

Business

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...

Business

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...