Brunello Cucinelli
This coverage delivers business-focused reporting on Brunello Cucinelli’s performance and strategy within the UK retail sector. Reporting includes updates on store operations, financial performance, product developments, and leadership changes. Analysis addresses the brand’s commitment to “humanistic capitalism,” emphasizing ethical production, employee wellbeing, and community investment. This information supports retail executives, brand managers, and professionals overseeing luxury fashion operations and strategic planning.
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Jan- 2025 -14 JanuaryNews-In-Brief
Today’s news in brief-14/1/25
JD Sports adjusted its profit expectations for FY24 to £915m-£935m, down from an earlier forecast of £955m-£1bn, citing challenging market conditions during the holiday season. Sales in the nine weeks to January 4 dipped 1.5%, though December saw a 1.5% rise in like-for-like sales. Organic revenue grew 3.4%, driven by…
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14 JanuaryClothing & Shoes
Brunello Cucinelli revenues surge to €1.27bn
Brunello Cucinelli has reported a 12.1% rise in FY revenues to €1.27bn (£1.07bn), thanks to “very positive sales” throughout the year. In Q4 itself, the group achieved a turnover of €358m (£301.45m), up 11.6%. Geographically, the Americas saw a 17.8% rise in revenues to €476.5m (£400.8m), an increase of, accounting…
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Oct- 2024 -21 OctoberNews-In-Brief
Today’s news in brief-21/10/24
Frasers Group has agreed to sell its 20.3% stake in N Brown for £191m to Falcon 24 Topco Limited, owned by Joshua Alliance. Despite divesting from N Brown, Frasers looks forward to a strategic relationship with Alliance. Concurrently, Frasers is pursuing the acquisition of luxury brand Mulberry, raising its offer…
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21 OctoberClothing & Shoes
Bruno Cucinelli revenues hit €920m
Bruno Cucinelli has revealed that its revenues have hit €920.2m (£767m) for the nine months ended 30 September 2024, an increase of 12.4% compared with the same period last year. Alongside this, the company saw an increase of 17.6% in the Americas and an 8% increase in Europe paired with…
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May- 2024 -16 MayNews
Mytheresa sales rise 17.6% to €233.9m in Q3
Luxury retailer Mytheresa reported a 17.6% net sales increase to €233.9m (£200.6m) for the third quarter ended 31 March. Gross Merchandise Value (GMV) increased 14.7% to €252.2m (£216.3m) compared to €219.8m (£188.5m) in the prior year period. Gross profit also increased 12% to €101.6m (£87.1m) with a 43.4% gross profit…
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Apr- 2024 -11 AprilHigh Street
Vision Express unveils £4m flagship store on Oxford Street
London-based high street optician Vision Express has unveiled a £4m new flagship store on Oxford Street. The store has been completely transformed after months of renovations and is now open to customers. The new design boasts a “smart”, “contemporary”, and “warm” environment across three floors. For those looking to check…
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Apr- 2023 -19 AprilLuxury Goods
Brunello Cucinelli revenues jump 34.7% in Q1
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%,…
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Mar- 2023 -17 MarchClothing & Shoes
Brunello Cucinelli revenues rise 29.1% to €919.7m
Brunello Cucinelli has reported that its 2022 revenues increased to €919.7m (£807.2m), marking a 29.1% rise over 2021, according to its FY results for the period ending 31 December 2022. It said that its two retail and wholesale channels, which increased sales by 62% and 38% respectively, were cited as…
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Aug- 2022 -31 AugustSupermarkets
Brunello Cucinelli reports net profit of €50m
Casa di Moda Brunello Cucinelli has reported net profit of €50.6m (£43.4m) for the first half of 2022 ending June 30, up +131.4% compared with €21.9m (£18.8m) in H1 2021. It also revealed net sales of €415m (£356m), up +32.4% at current exchange rates compared with 2021. It comes as…
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Jul- 2022 -14 JulyHigh Street
Brunello Cucinelli H1 revenues jump 32% to £351m
Casa di Moda Bruno Cucinelli has revealed net revenues of €415.2m (£351m) for the first half of 2022 ending June 30, up +32.3% at current exchange rates (+28.3% at constant exchange rates) compared to H1 2021. The fashion house reported significant growth in all areas: Americas +52.7%, Asia +27.2%, Europe…
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