Dec 8, 2022
Brunello Cucinelli cruising towards €1 billion revenue mark in 2023
Dec 8, 2022
Italian fashion group Brunello Cucinelli, in the wake of “excellent sales in October and November” and the results of the first 9 months of the year, has estimated that its 2022 revenue will increase by approximately 28% over the previous year, as indicated in a press release.
Orders received for the Spring/Summer 2023 men's and women’s collections, “both in terms of quantity and quality,” mean the group is forecasting a “highly interesting” 2023, when growth is expected to stand at 12%, enabling Cucinelli to reach “the significant milestone of €1 billion in revenue.”
“Much has been harvested in this 2022, the year in which we have fully rebalanced our fashion house,” said Brunello Cucinelli, the eponymous group's executive president and creative director. “During the pandemic, in the past two years, we have not made anyone redundant. This has certainly enabled us to keep our production and commercial structures fully efficient, and has put us in a position to meet the needs of the world market, where demand seems to exceed supply,” concluded the founder of the group, which is listed on the Milan Stock Exchange.
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