Italian brand Brunello Cucinelli’s sales climb 32.4% in H1

The internet sales of Brunello Cucinelli, an Italian luxurious style brand, was reported at €415.4 million in the primary half of 2022, up 32.4 per cent at present alternate charges (28.3 per cent at fixed alternate charges) in comparison with the primary half of 2021. The firm posted internet revenue of €50.6 million, up 131.4 per cent in comparison with €21.9 million at June 30, 2021.

In the primary half of 2022, the corporate noticed crucial development in all geographical areas, with the expansion in Americas by 52.6 per cent, Asia by 27.2 per cent, Europe by 20.7 per cent, and Italy by 19.9 per cent; and in each sales channels, with improve in retail by 47.1 per cent and wholesale by 16.0 per cent.

The internet sales of Brunello Cucinelli, an Italian luxurious style brand, was reported at €415.4 million in the primary half of 2022, up 32.4 per cent at present alternate charges (28.3 per cent at fixed alternate charges) in comparison with the primary half of 2021. The firm posted internet revenue of €50.6 million, up 131.4 per cent in comparison with €21.9 million at June 30, 2021.

“The first half of 2022 closed with wonderful outcomes in phrases of each development and income; on the again of those, we envisage a document yr 2022 with income development of round 15 per cent. During the pandemic, firms in our nation, because of nationwide social security nets and smart and humanistic entrepreneurial selections, have typically managed to not lay off their employees and thus protect the manufacturing and advertising of their merchandise. Today, it appears to us that for sure merchandise demand undoubtedly exceeds provide, which signifies that we Italians, nice high quality producers, have change into higher at producing top-notch high quality items and consequently exporting them. There is little doubt {that a} robust greenback brings exceptional benefits to exports, and our sector will profit therefrom,” Brunello Cucinelli, govt chairman and artistic director of the Casa di Moda, stated.

“The order consumption for Spring Summer Men’s Women’s 2023 was superb, each in phrases of amount and picture. All this makes us stay up for a yr 2023 with a full 10 per cent development in sales,” added Cucinelli.

“We would also like to recall that in comparison with 2021, the growth percentages for the first half of 2022 compared to year-end expectations benefit from the use of 2021 as a comparative base, a year in which the incidence of sales was significantly higher in the second half of the year, as a result of the impact related to the pandemic and the development dynamics of the retail network. For 2022, we fully confirm our expectations of an absolute rebalancing of margins to “normal” pre-pandemic levels, in line with the results of the first 6 months of the year. We maintain our belief in the importance of investment planning for 2022, which has contributed to the results achieved as at June 30, 2022 and will continue to enhance the company and the brand’s growth path, protecting its exclusivity and allure,” the corporate stated in a press launch.

Fibre2Fashion News Desk (RR)