Brunello Cucinelli revenues jump 34.7% in Q1
The luxury fashion house’s retail sales likewise increased by 63.7%, while wholesale sales increased by 4.7% during the same period
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Brunello Cucinelli has revealed that for the first quarter of 2023, net revenues jumped by 34.7% to €265.3m (£233.5m) compared with the same period last year.
The news comes as the luxury fashion house has experienced growth in all geographical areas, with the Americas growing by 42.9%, Europe by 15.8%, and Asia by 56%.
Brunello Cucinello’s retail sales likewise increased by 63.7%, while wholesale sales increased by 4.7% during the same period.
The first quarter also saw the launch of the fashion house’s new fragrances from a collaboration with luxury fragrance distributor EuroItalia, ‘Brunello Cucinelli pour Femme’ and ‘Brunello Cucinelli pour Homme’.
In addition, the luxury retailer has also drawn up plans for a new factory in Penne, Abruzzo, which holds a “long tradition of high-quality Italian outerwear”.
The prestigious international ‘Neiman Marcus Fashion Award for Distinguished Service in the field of Fashion’ has also been awarded to Brunello Cucinelli for the year 2023.
Brunello Cucinelli, executive chairman and creative director of the fashion house, said: “The first quarter of this year closed with excellent results. There is no doubt that we are reaping the fruits of the positive period that our brand is experiencing for the style it represents and perhaps also for the way we share our ideas with all of our counterparts.
“We continue to have a very positive vision for the entire coming year. Every day we are working on new projects for high quality, exclusive, hand-crafted garments, and it pleases us to imagine that they express a refined and contemporary taste.”
