{"id":137910,"date":"2024-04-18T16:31:50","date_gmt":"2024-04-18T14:31:50","guid":{"rendered":"https:\/\/luxus-plus.com\/cucinelli-continues-to-prosper-in-the-first-quarter-of-2024\/"},"modified":"2024-04-19T10:46:10","modified_gmt":"2024-04-19T08:46:10","slug":"cucinelli-continues-to-prosper-in-the-first-quarter-of-2024","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/cucinelli-continues-to-prosper-in-the-first-quarter-of-2024\/","title":{"rendered":"Cucinelli continues to prosper in the first quarter of 2024 "},"content":{"rendered":"

Cucinelli, the Italian cashmere specialist, once again posted strong growth at the start of the year, with double-digit rates in all its markets. The atypical model of this independent, family-run group, founded in 1978 by Brunello Cucinelli as “an illustration of humane capitalism”, is proving to be an enduring success.<\/h4>\n

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Brunello Cucinelli <\/strong><\/b>, the eponymous Italian founder and executive chairman of the group, is a UFO in the luxury sector<\/strong><\/b>. And in more ways than one.<\/p>\n

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At a time when luxury groups are starting to stick out their tongues in an inflationary world marked by the slowdown of the Chinese market, his family-run group continues to prosper<\/strong><\/b>.<\/p>\n

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While maintaining its independent line, it also continues to distinguish itself by its capitalism with a human face<\/strong><\/b>, sharing its success with its employees.<\/p>\n

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The “king of Italian cashmere”, which has expanded its offer to include high-end, “quiet luxury” fashions, once again posted excellent growth (+16.5% at current exchange rates) in the first quarter of 2024<\/strong><\/b>. Sales reached 309 million euros ($328.81 million).<\/p>\n

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Lvmh and Kering jealous?<\/h2>\n

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In other good news, Brunello Cucinelli said in a statement that “the abundant accumulation of orders for the autumn-winter 2024 collections” led “to reiterate” expectations “for the full 2024 financial year<\/strong><\/b> with renewed conviction: that of sales growth in the order of 10% and a healthy and fair profit<\/strong><\/b>“.<\/p>\n

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Enough to make Lvmh<\/strong><\/b> jealous , whose sales grew by just 3% in the first quarter of<\/strong><\/b> 2024, and above all, Kering, which warned to expect a decline in sales of “the order of 10%”<\/strong><\/b> during the first three months of the year.<\/p>\n
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