The Italian cashmere specialist again achieved double-digit revenue growth last year. And its eponymous CEO expects results to be very high indeed.
Brunello Cucinelli has enough to make the biggest luxury groups jealous.
In 2023, the Italian cashmere king posted a 24% increase in sales, while net income jumped 42%.
In 2024, the independent, family-owned group again outperformed the market.
According to preliminary results, its sales last year rounded off by 12% at current exchange rates (+12.4% at constant exchange rates) to 1.28 billion euros, slightly better than its latest forecasts.
“Very high profits
As the icing on the cake, Brunello Cucinelli, the Maison’s Executive Chairman and Creative Director, announced in a press release that he and his teams were forecasting “very high profits”, “given the high quality of sales”. We’ll know more on March 13, when the annual results are published.
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Read also > Cucinelli continues to prosper in the first quarter of 2024
Featured Photo: © Cucinelli
