THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Retail Events
People in Retail Awards 2024
The Future of The High Street 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Brunello Cucinelli posts first half sales and profit uplift

Brunello Cucinelli has posted a rise in first half sales and profit after being boosted by strong sales growth in all of its markets. In the… View Article

FASHION RETAIL NEWS UK

Brunello Cucinelli posts first half sales and profit uplift

Brunello Cucinelli has posted a rise in first half sales and profit after being boosted by strong sales growth in all of its markets.

In the six months to 30 June, the luxury Italian fashion brand increased its sales by 28.3% at constant currency to €415.4 million while growing its net profit to €50.6 million from €21.9 million a year earlier.

Meanwhile EBITDA improved by 48.8% to €120 million.

The company said it enjoyed growth in all geographical areas, including the US, Asia and Europe. Sales in its retail channel rose by 47.1% while wholesale sales climbed by 16%.

Brunello Cucinelli (pictured), chairman and creative director of the company, said: “The first half of 2022 closed with excellent results in terms of both growth and profits; on the back of these, we envisage a record year 2022 with revenue growth of around 15%.”

He added: “The order intake for spring summer men’s women’s 2023 was very good, both in terms of quantity and image. All this makes us look forward to a year 2023 with a full 10% growth in sales.”

Subscribe For Retail News