Net sales of Italian brand Brunello Cucinelli increased by 32.3% in the first half of 2022
The company has significant growth in all regions: Americas; 52.7%, Asia; 27.2%, Europe; 20.7%, Italy; 19.7%. Revenue increased strongly in both retail channels, up 47.0% and in wholesale channels, up 16%.
“The operating situation in the first half of 2022 was exceptionally good, with significant sales in terms of both quantity and quality. Fall started with stellar results and significant visual value, so all of this makes us imagine a record year, with sales growth of around 15%. In major capitals around the world, we have established spaces that we call Casa Cucinelli and we feel that it is bringing nobility and prestige to the brand. Substantial orders for the Spring-Summer 2023 menswear collection lead us to predict healthy growth of around 10% over the next year,” he said. Brunello Cucinelli, executive president and creative director of Casa di Modaspeak.
Brunello Cucinelli’s net sales for the first half (first half of fiscal 2022) were recorded at €415.2 million, up 32.3% at current exchange rates (28.3% at fixed exchange rates) fixed) compared to the first half of 2021. In the second quarter, revenue therefore increased 46.4%, certainly supported by the limited reference value of fiscal 2021.
The strong growth of demand in Europe, North America and the Middle East allowed the company to more balance the impact of restrictions imposed on the Russian market and lower than expected growth in the market. China, which has already faced the biggest period of restrictions. related to the pandemic in recent months, the company said in a press release.
The excellent results for the first half of 2022, the excellent pre-orders and the first sales of the Fall/Winter 22 collection confirm the brand’s extremely positive growth momentum and great appreciation. for the aesthetic taste it represents. These factors allow the company to envision a beautiful 2022, a year the company considers a record, with revenue growth of about 15%.
Fiber2 fashion news desk (RR)