Brunello Cucinelli news and archive

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...

Fashion |Beauty

Brunello Cucinelli to launch fragrances with EuroItalia

Italian fashion brand Brunello Cucinelli has announced it is developing its first fragrances in collaboration with EuroItalia. This marks Brunello Cucinelli’s first foray into beauty and will include a scent for women and one for men developed by fragrance manufacturer EuroItalia, which specialises in creating and distributing luxury perfumes....

Business

Brunello Cucinelli raises sales forecast for 2023

Italian luxury house Brunello Cucinelli is raising its estimates for 2023 as the company forecasts revenue to increase 15 percent, instead of 12 percent. The Perugia-based fashion business ended 2022 with a net profit of 87.2 million euros, an increase of 54.9 percent compared to the previous financial year. Cucinelli made several key...

Fashion

Neiman Marcus honours award recipients during Paris event

Neiman Marcus Group (NMG) celebrated the recipients of its Neiman Marcus Awards last night during a Paris-based event that gathered over 50 fashion brands at Le Suite Girafe. Brunello Cucinelli received the Neiman Marcus Award for Distinguished Service in the Field of Fashion, while Jonathan Anderson, creative director of Loewe, was honoured...

BusinessFeatured

Brunello Cucinelli sets profits cap for gracious growth

Italian luxury brand Brunello Cucinelli is setting a profit cap to guarantee sustainable growth for the company’s future, which includes investing in better working and salary conditions for its employees. The company’s shares have increased ten times in value since its listing debut in 2012, outperforming the MSCI Europe Textile Apparel and...

BusinessFeatured

Brunello Cucinelli expects to cross one billion euros revenue mark in 2023

According to the preliminary figures for the year 2022, Brunello Cucinelli S.p.A. reported net revenues of 919.5 million euros, representing growth 29.1 percent at current exchange and 24.8 percent at constant exchange compared with 2021. Commenting on the preliminary results, Brunello Cucinelli, executive chairman and creative director of the...

BusinessFeatured

Brunello Cucinelli expects to close year with record sales up 28 percent

Italian fashion house Brunello Cucinelli said it expects to enjoy a record year of sales after the strong results it shared in the first nine months of the year continued into October and November. The brand is forecasting “wonderful growth” of 28 percent for the current year as demand for luxury products remains strong despite a backdrop of...

Business

Brunello Cucinelli to be honoured with revived Neiman Marcus Award

Brunello Cucinelli has been announced as the honouree of the Neiman Marcus Award for Distinguished Service in the Field of Fashion as the retail group launches a new award platform to recognise leaders in the industry. The Neiman Marcus Group (NMG) unveiled its NMG Awards marking the return of the prestigious prize and an additional new award...

Business

Brunello Cucinelli signs 10-year licensing deal with EssilorLuxottica

Italian label Brunello Cucinelli has signed an exclusive 10-year licensing agreement with EssilorLuxottica, which will see the company design, manufacture and distribute eyewear under the ‘Brunello Cucinelli’ brand. The agreement will run from January 1, 2023, to December 31, 2032, with the first collection set to drop on the market in the first...

BusinessFeatured

Brunello Cucinelli expects record FY revenue after strong H1

Luxury Italian label Brunello Cucinelli says it expects record annual revenue in its current year after reporting strong first-half sales and profit growth. The brand’s net revenue came in at 415.4 million euros in the first half, a 32.4 percent increase from a year ago, or a 28.3 percent increase at constant exchange rates. The company...

BusinessFeatured

Brunello Cucinelli Q1 sales up 19.6 percent, reaffirms FY outlook

Luxury Italian label Brunello Cucinelli has reaffirmed its full-year guidance after reporting Q1 sales growth across all geographies. The brand’s net revenue came in at 196.9 million dollars in the first quarter, a 19.6 percent increase compared to a year ago - or a 16.7 percent increase at constant exchange rates. Breaking it down by region,...

Business

Brunello Cucinelli buys 43 percent stake in cashmere supplier Cariaggi Lanificio

Luxury Italian brand Brunello Cucinelli has snapped up a 43 percent stake in cashmere supplier Cariaggi Lanificio. The transaction was valued at just over 15 million euros and was financed entirely by Brunello Cucinelli’s own means, the company announced to the Italian Stock Exchange on Wednesday. Cariaggi Lanificio was founded in 1958 and is...