Cucinelli Posts 33% Rise in Q1 Gross sales, Confirms 2023 Income Development Forecast

Gross sales at Italian luxurious group Brunello Cucinelli rose 33 % at fixed change charges within the first quarter, pushed by robust development within the Americas and a rebound in Asia.

Cucinelli stated that the demand development in North America regarded “more and more structural”, whereas the “decidedly constructive development” in China continued and confirmed the long run potential of this essential marketplace for the group.

Gross sales for the three months ending in March got here to €265.3 million ($290.6 million).

The style model, finest recognized for its cashmere clothes, confirmed its expectations of a sale improve of round 15 % this 12 months.

Cucinelli stated it had determined to arrange a brand new manufacturing facility in Italy’s Abruzzo area, within the city of Penne, which is understood for its custom of handcrafted manufacturing, significantly for males’s fits.

“We consider that there’s nice potential for development on this particular phase”, the group stated within the assertion.

By Elisa Anzolin; Editor Keith Weir

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Cucinelli Raises Gross sales Development Forecast for 2023

Italian luxurious group Brunello Cucinelli on Wednesday raised its gross sales development steerage for 2023 to fifteen %, up from its earlier estimate of 12 %, on the again of a robust begin to the 12 months and important orders for coming seasons.