×
334
Fashion Jobs
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager (Jharkhand All District)
Permanent · Chatra
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager /Sales Manager (up)
Permanent · Mirzapur
FINO PAYMENTS BANK
Territory Sales Manager - Merchant & Distributor Onboarding - wb
Permanent · Cooch Behar
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
MUTHOOT FINCORP LTD
Area Manager - Chennai
Permanent · Chennai
SUGUNA FOODS PRIVATE LIMITED
Area Sales Manager-Animal Health Products Sales (Bangalore)
Permanent · Bengaluru
DIAMOND RETAIL INDIA
Hiring For Sales Officer/Area Sales Manager/Sales Manager (Bihar)
Permanent · Katihar
VIJAY SYSTEMS ENGINEERS PVT LTD ( UMBERGOAN)
Production Manager
Permanent · Vapi
VIDVAS HR SOLUTIONS PRIVATE LIMITED
sr Manager - Production . Only Leather Bags Exp - Chennai
Permanent · Chennai
SHREE SADGURU MASALA & SPICES IND PVT LTD
Regional Sales Manager
Permanent · Navi Mumbai
MAGNATEK ENTERPRISES
Looking For Area Sales Manager
Permanent · Chennai
BANDHAN LIFE SCIENCE PRIVATE LIMITED
Area Sales Manager
Permanent · Kolkata
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Ludhiana
FIRST SOLUTION
Agency Development Manager/Recruitment Development Manager(Insurance)
Permanent · Pune
NCL INDUSTRIES LIMITED (BISON PANEL)
Area Sales Manager - Hyderabad (Boards Division)
Permanent · Hyderabad
LN GLOBAL CAREER SERVICES LLP
Required Regional Sales Manager For Pharmaceutical Company
Permanent · Chennai
LN GLOBAL CAREER SERVICES LLP
Required Zonal Sales Manager For Pharmaceutical Company
Permanent · Chennai
LEVI'S
Group Product Manager
Permanent · Bengaluru
AVENUE SUPERMARTS LIMITED
Excellent Opportunity With Dmart _ Production Managers
Permanent · Chikmagalur
ENOAH I SOLUTION INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Bengaluru
KISHOR EXPORTS
Garment Technician
Permanent · Agra
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Delhi / Ghaziabad
Permanent · Ghaziabad
By
Reuters API
Published
Jul 13, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Italian luxury group Cucinelli raises 2021 sales forecast again

By
Reuters API
Published
Jul 13, 2021

Italian luxury group Brunello Cucinelli raised its 2021 sales guidance for the second time this year on Tuesday after revenues jumped in the three months to June, accelerating a recovery from the low point of the coronavirus pandemic.


Brunello Cucinelli



The company said revenues soared by almost 60% at constant exchange rates in the first half of the year to 313.7 million euros ($370.6 million) compared with the same period of 2020.

Against 2019 levels - before the pandemic hit - sales were up 10% in the first half and up 13.8% in the second quarter.

The brand known for cashmere clothing, which had already raised its sales outlook in March, said it now expected full-year growth of around 20% and an increase of around 10% in 2022.

In March it had forecast sales growth of 15-20% for 2021 and 9-10% for 2022.

Sales fell by 10% last year due to the fallout from the health crisis.

The group had posted a 7% increase in sales at constant exchange rates in the first quarter, with revenues coming in just 3% above 2019 levels.

Comparisons with the second quarter of 2020 are favourable for most retailers as it was particularly hit by the pandemic, with the bulk of shops worldwide closed.

Cucinelli is the first Italian luxury group to release second-quarter sales, and its performance adds to signs the sector has bounced back faster than initially expected.

The European market, which accounts for 43.7% of the company's total sales, including Italy, grew by 9.2% compared to the first half of 2019. Sales growth in Asia was double that.

The company recently announced a partnership with EssilorLuxottica's brand Oliver Peoples for the launch of its first eyewear collection.
 

© Thomson Reuters 2021 All rights reserved.