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The global fashion business journal

Nov 16, 20193:45am

Brunello Cucinelli grows 8.8% in the first nine months boosted by China

The Italian group has registered a revenue of 459.2 million euros. Sales in the Asian country rose 14% during the period.

Nov 8, 2019 — 4:00pm
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Brunello Cucinelli grows 8.8% in the first nine months boosted by China

 

 

Brunello Cucinelli closes the first nine months on the rise. The Italian menswear fashion company has ended the nine months of the year with a revenue of 459.2 million euros, 8.8% up from the previous year.

 

China has been the region with the best performance in the period, up 14.4%. In its local market, Italy, the company has raised its sales by 2.2% in the period, while in the rest of Europe the increase was 9.6%. In North America, meanwhile, its growth was 9.2%.

 

The company has explained that it plans to end its fiscal year 2019 with an increase of 9%. “We believe that next year will also generate a positive growth in income and profits, in line with our ten-year plan,” said Brunello Cucinelli, president and chief executive officer of the company, in a statement.

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