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The net revenues of Brunello Cucinelli in the first half (H1) of fiscal 2022 was recorded at €415.2 million, up by 32.3 per cent at current exchange rates (28.3 per cent at constant exchange rates) compared to H1 2021. In the second quarter, revenues thus grew by 46.4 per cent, undoubtedly aided by the limited countervalue of fiscal 2021.
The company saw significant growth in all areas: Americas; 52.7 per cent, Asia; 27.2 per cent, Europe; 20.7 per cent, Italy; 19.7 per cent. The revenues increased strongly in both the retail channel, up 47.0 per cent, and in the wholesale channel, up by 16 per cent.
“The performance in the first half of 2022 was particularly good, with significant sales in terms of both quantity and quality. The autumn season began with excellent results and remarkable value in terms of image, so all this leads us to imagine a record year, with sales growth of around 15 per cent. In the great capital cities worldwide we have set up spaces that we call Casa Cucinelli and which we feel are bestowing nobility and prestige onto the brand. The substantial order intake for the Spring-Summer 2023 men’s collection leads us to envisage a healthy growth of around 10 per cent for next year,” Brunello Cucinelli, executive chairman and creative director of the Casa di Moda, said.
The net revenues of Brunello Cucinelli in the first half (H1) of fiscal 2022 was recorded at €415.2 million, up by 32.3 per cent at current exchange rates (28.3 per cent at constant exchange rates) compared to H1 2021. In the second quarter, revenues thus grew by 46.4 per cent, undoubtedly aided by the limited countervalue of fiscal 2021.
The strong growth in demand in Europe, North America and the Middle East allowed the company to more than balance the effects of the restrictions applied to the Russian market and the lower than expected growth in the Chinese market, which has faced the period of greatest restrictions related to the pandemic in recent months, the company said in a press release.
The excellent results of the first half of 2022, the beautiful order intake and the initial sell-outs of the Fall/Winter 22 collections, confirm the extremely positive momentum of the brand and the absolute appreciation of the taste it represents. These elements allowed the company to imagine a beautiful 2022, a year that the company considers record-breaking, with revenue growth of around 15 per cent.
Fibre2Fashion News Desk (RR)
