Brunello Cucinelli is positive on the years ahead, after reporting a 27.5 percent increase in revenues to 818.4 million euros in the first nine months of 2023.
is on a roll. Fueled by sales momentum in the U.S., Europe and Asia, the company raised its guidance again for 2023 and issued a positive outlook for 2024-25, as it nears its goal of hitting the 1 billion euro mark in annual revenues.
“As far as 2025 is concerned, we have good visibility, supported by the structural characteristics of high-end luxury demand, the potential for growth in all markets and in both channels, and the selected ongoing boutique opening project,” the company said in a statement. and wholesale channels, as well as increases in both the women’s and men’s divisions contributed to the strong nine-month performance.
Sales in the Americas jumped 21.7 percent to 284.7 million euros, accounting for 34.8 percent of the total, boosted both by Revenues in Asia surged 49.7 percent to 218.6 million euros, accounting for 26.7 percent of sales. The company expressed satisfaction with the business in the area, withnow accounting for about half of the total business in the region.
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