Brunello Cucinelli posts strong revenue growth
Brunello Cucinelli has announced that its revenues climbed by 12.4% at current exchange rates to €920.2 million in the first nine months of the year.
The luxury fashion brand said it delivered “excellent, well-balanced results” both in western and eastern markets with respective sales growth of 17.6%, 8% and 12.2% in the Americas, Europe and Asia.
Meanwhile, sales in its retail channel increased by 13.3%, with a double-digit uplift in the third quarter, while its wholesale channel grew by 11%.
Brunello Cucinelli (pictured), executive chairman and creative director of the company, said: “We are particularly pleased with the highly positive momentum our brand is currently enjoying from all perspectives.
“The outstanding results from the first nine months of the year, the excellent sales of the fall/winter 2024 collections, and our ongoing commitment to garments of the highest craftsmanship allow us to confidently maintain our revenue growth forecast of approximately +10% for 2024.”
The company said its sales campaigns for its spring/summer 2025 collections yielded “excellent” results and “outstanding” reviews from the specialist press.
Looking ahead, Cucinelli added: “We see significant opportunities in the exclusive, true luxury market for our brand as well, driven by the appreciation for the style, exclusivity, and craftsmanship embodied by our collections.
“With the substantial orders already placed for the men’s and women’s spring/summer 2025 sales campaign, we can reaffirm our plans for healthy, sustainable growth, projecting a revenue increase of around 10% for both 2025 and 2026.”
Join us at The Retail Conference in London on 6 November. Retailers can find out more and secure free tickets here
