Brunello Cucinelli reports strong revenue growth
Italian luxury group Brunello Cucinelli announced its latest performance results, showing a 12.7% increase in revenue for the first nine months of the year, when calculated at constant exchange rates. This growth was primarily driven by double-digit increases in the Americas and Asia. In the third quarter alone, the group’s revenue rose by 9.2%, reaching 300 million euros ($318 million). The group maintains its expectations for a 10% sales growth in 2024, 2025, and 2026, and anticipates that operating profit for 2024 will be slightly higher than in 2023.